St. Louis Business Journal interviewed Patrick Murphy in “Uncertainty over estate taxes calls for preparation.”
…with its focus on health reform and little time left this year to debate a permanent estate tax change, Congress is more likely to find a temporary solution. Most estate planning attorneys say they expect key components now in place to remain — including exempting the first $3.5 million of estates from the tax, but levying a 45 percent tax on values over that amount.
“There’s not enough time to debate any significant change, so there will be a patch,” said Patrick Murphy, an accountant and estate attorney…
Read news story… St. Louis Business Journal