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The Gulf Oil Spill and the Estate Tax

From a letter sent to the Senate Finance Committee by Conrad Teitell (Cummings & Lockwood, Stamford, CT):

The oil spewing into the Gulf can’t be stanched by legislation. But you can by legislation immediately calm the troubled waters created by Congressional inaction on the estate tax….


Oil spills are unimaginably difficult to clean up. But you have it in your power to immediately clean up the untenable mess that Congress has created for Americans who are struggling to plan and administer estates.

(Hat Tip: Future of the Estate Tax.)


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