“Cut Your Tax in 2010 isn’t about cheating the system,” explains Perrelli. “It’s about avoiding mistakes on big taxes like estate and capital gains. Legacies are being lost by the second or third generation for no good reason.”
Cut Your Tax in 2010 covers how:
•Personal and business assets can be protected in four smart steps.
•Capital gains taxes can ruin a family’s legacy.
•An estate plan can save your family more than taxes.
“Those working towards retirement have the most to gain with these insights,” explains Hedeker. “The book offers a way to start a dialogue between your own parents, spouse, and children — so that you can begin to work together to secure your family’s financial future.”
The book tackles the current estate tax debacle in Congress as a major hot button for 2010. Hedeker and Perrelli point out that those with a decent amount of assets built up need to understand that:
•The estate tax is currently scheduled to reappear in 2011, at only a $1 million exemption.
•Estates that escape a federal estate tax in 2010 may cause inheritors other tax headaches, particularly in capital gains taxes.
•Most states have their own estate or inheritance taxes. Illinois’ estate tax kicks in at $2 million and that won’t be changing anytime soon.
“People thought that no estate tax in 2010 would make this the ‘year to die,’” says Perrelli. “But it can be a nightmare because estates less than $3.5 million are now subjected to capital gains taxes instead.”
Cut Your Tax in 2010 is available at Amazon.com and other major booksellers. For more information about Cut Your Tax in 2010, visit www.cutyourtaxbook.com.
Nationally-renowned estate and tax planning attorneys Dean R. Hedeker and Anthony R. Perrelli are partners at the law firm of Hedeker & Perrelli, Ltd., in suburban northeast Chicago. Hedeker is also a CPA, Registered Financial Consultant, and Fellow of the American Academy of Estate Planning Attorneys (AAEPA). He has co-authored three additional books on estate planning. Perrelli has an MBA and is also a member of the AAEPA. He has been a featured source for Money Magazine, WGN News, and WLS/Chicago. Learn more about Dean Hedeker and Anthony Perrelli at www.cutyourtaxbook.com.
Read more: http://www.earthtimes.org/articles/show/new-book-by-chicago-tax,1166332.shtml#ixzz0fpdARXUN
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