Transfer Taxes and the Fiscal Cliff, Cont’d.

It’s really going down to the wire, isn’t it? I attended an estate planning conference in New Brunswick last week, and the speakers —  practicing T&E lawyers from around New Jersey — were preoccupied with the uncertainty about this. Nobody seemed to think that the end result would be anything other than a modest lowering of the exemption amount from its present level. But one speaker articulated a growing sense among his colleagues that any deal on transfer taxes would ultimately be an afterthought, and might not be as deliberate as specialists in the practice — or their clients — would like.