On January 8, 2010, the New York Times published, A Bizarre Year for the Estate Tax Will Require Extra Planning, by Paul Sullivan.
The NY Times explains that Sullivan "writes about strategies that the wealthy use to manage their money and their overall well-being." As indicated by its subheadings, this article is also targeted to the wealthy, but it also has information that has broader application.
Sullivan quotes Christopher Zander, a partner at Evercore Wealth Management, who explains that the law in 2010 "impacts a lot of people. It’s not just the super-rich.”
Sullivan's quote from R. Scott Johnston, partner in the private wealth services group at the law firm Holland & Knight, serves as a pithy summary for where we all are: "[w]e are in uncharted territory right now."
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