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Follow on Google News | Dan Goldie Financial Services Supports Estate Tax Reform in 2010Dan Goldie Financial Services LLC, an independent financial advisory and financial planning firm in Menlo Park, California, announced its support today for revising current estate tax law.
By: Dan Goldie “I would like to see some permanence put in place with regard to estate taxes,” said Dan Goldie, President of Dan Goldie Financial Services. “Regardless of one’s political views on this issue, the lack of certainty with regard to the tax-free amount and rate is disrupting the essential estate planning activities of many families.” The House of Representatives recently voted to approve a permanent extension of the current 2009 estate tax exemption equivalent amount of $3.5 million per person and $7 million per married couple and a tax rate of 45% for estate values about these amounts. The bill passed the House by a vote of 225 to 200, with most Democrats supporting and Republicans opposing. Republicans and some Democrats reportedly want a larger $5 million exemption equivalent amount and a tax rate of 35% for larger estates. They are threatening opposition to the existing bill, which must pass by December 31 to avoid the estate tax going to zero next year. Mr. Goldie said, “It seems very likely that there will continue to be an estate tax in our country for the foreseeable future. My hope is that lawmakers will work out a solution that gives people the ability to plan properly for the financial future of their heirs. It is unfortunate that this uncertainty has been allowed to go on for so long.” About Dan Goldie Financial Services Dan Goldie Financial Services LLC (http://www.dangoldie.com) is Registered Investment Advisor located in Menlo Park, California. The firm manages diversified investment portfolios and financial advisor for individuals and families, helping them manage their wealth and make smart financial decisions. Dan Goldie (http://www.dangoldie.com/ # # # Dan Goldie Financial Services is an independent financial advsiory and financial planning firm helping high net worth individuals and families manage their wealth and make smart financial decisions. End
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