Don Weigandt, a wealth adviser in the Los Angeles office of J.P. Morgan Private Bank, said that while there is a lot of interest in making gifts to grandchildren this year, many people are waiting until closer to the end of the year to make sure Congress doesn't enact a retroactive estate and generation-skipping tax at the last minute. The chance of this grows slimmer each day. Nonetheless, some people are loathe to write a big gift tax check tax until they are more certain.
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