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2013 Changes in Estate and Gift Taxes

Posted on January 27, 2013 at 11:05 PM

Now that the fiscal cliff has been averted, there appears to be confusion about the effect on the estate planning. Mostly what Congress did in this arena was to make permanent the system that has been in effect for the past two (2) years. This was an important achievement because, without any action on the government's part, the tax-free amount at federal level would have automatically reverted to $1 million per person, and the Federal estate tax rate for most estates woul...

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