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Hamilton Plans Newsletters

Summer 2013

A Permanent Fix for Estate Taxes

After a decade of annual changes, the American Taxpayer Relief Act provides a permanent resolution for gift and estate tax rates and the gift, estate and generation-skipping transfer tax “GST” exemptions. The gift and estate tax rate is set at 40%, and the exemption is $5 million (indexed annually for inflation). For 2013, it is $5.25 million per person.

This certainty presents an excellent opportunity to review existing estate plans or create new plans. If you are considering charitable giving through your will, a bequest can be tailored to support a cause that means the most to you. As you consider an estate plan provision for the College, please contact me or my colleagues to explore gift purpose options. Identifying a purpose that will ultimately help ­Hamilton students and one that meets your personal goals is a process that many donors find very fulfilling.