RECIPROCAL SLATS

RECIPROCAL SLATS By: Julius Giarmarco, J.D., LL.M.  The once-in-a-lifetime opportunity to gift $5.12 million without gift or generation-skipping transfer (GST) tax will - without further Congressional action - expire on December 31, 2012. On January 1, 2013, the gift tax exemption will revert to $1 million and the top tax rate will revert to 55%.  While many high net worth married couples might...