New Priorities - Estate Tax Legislation on hold

Category: Estate and Inheritance Tax

I have been away for a week that has seen devastation and destruction, as well as the passing of a brilliant jurist. Those things that were a priority 10 days ago now pale in comparison to real issue of life, death, health and welfare.

Congress's agenda reflects this change. Senate Majority Leader Bill Frist, R-Tenn., has indicated that much of the planned items of the agenda, including legislation on the estate tax, are now on hold.

The destruction of the Gulf States has given rise to many questions and concerns, which unfortunately have been overshadowing acts of heroism, community and graciousness. Take an opportunity to not just think, but act. Go to the American Red Cross and give what you can to help those who have lost family, homes, possessions, jobs, and all sense of security. And remember to count your blessings and value your real priorities.