LeBlanc & Young and Elizabeth T. High Recognized in Chambers' High Net Worth Guide and James H. Young, II Named 2017 Lawyer of the Year
LeBlanc & Young is honored to have been ranked as a “Band 1” Leading Firm for Private Wealth in the inaugural edition of Chambers and Partners’ High Net Worth Guide. Its High Net Worth rankings are highly selective and based on independent research and interviews with lawyers, family offices, accountants, tax advisers, bankers and investment managers, among others. According to Chambers, LeBlanc & Young is “an extremely high-quality firm. All high-level practitioners.” Read More
The federal estate tax system has undergone significant changes over the past 20 years, but the next 20 months may see even more significant change. When George W. Bush was elected in 2000, estates over $675,000 were subject to estate tax and the top marginal rate was 55%. From 2001 to 2010, the exemptions went up and the rates came down, culminating in 2010 when, for one year, there was no estate tax. In December 2010, Congress re-enacted the estate tax with a $5 million exemption (indexed for inflation) and a flat rate of 35%. Presently, there is a flat, 40%, federal estate tax on estates over $5,490,000 (an 813% increase in the exemption from 2000).