New Estate and Gift Tax Will Impact Family-Owned Wineries

On December 17, 2010, President Obama signed into law a temporary, 2-year tax compromise hammered out in Congress during the so-called “lame duck” session.  The transfer tax highlights include: Ø     Lifetime estate and gift tax exemption reunified and increased to $5 million per   individual ($10 million per married couple) Ø     Estate tax rate reduced from […]