On Jan. 1, 2013, the income tax playing field for estates and trusts changed drastically. First, the American Taxpayer Relief Act of 2012 (ATRA) significantly increased the top income tax rates for estates, trusts and individuals.1 Second, the Health Care and Education Reconciliation Act of 2010 imposed a new tax, the so-called “Medicare surtax,” which is assessed on certain types of passive income earned by estates, trusts and individuals.2 At the same time, ATRA decreased the ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.

Already registered? here.