Ann Lesk comments in an <em>Investment News</em> article on the lack of congressional response to the impending expiration of the estate tax repeal.

Ann Lesk comments in an Investment News article on the lack of congressional response to the impending expiration of the estate tax repeal.

In an August 13, 2007 Investment News article, “Fate of Estate Tax Worries Planning Lawyers,” Ann Lesk comments on the possibility that Congress will not act on estate tax reform before the estate tax repeal expires in 2010. She explains that “it is very difficult for people with estates between $2 million and $10 million to do rational planning, because the amount of their tax liability could vary dramatically based on what year they die.” Lesk also discusses a new trend in estate planning in which people from outside the United States are increasingly using U.S. trusts to leave assets to heirs who live in the United States. She credits this trend to “globalization of almost everything.”

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