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Estate Tax Reform Update |
April 17, 2008
Previously published on April 1, 2008
It is only 21 months until the federal estate tax is repealed - for one year - and 33 months from reduction of the estate tax exemption and a 22-33% increase in the estate tax rate. Unless Congress takes action soon, planning for most families with assets exceeding $2 million will continue to be challenging. Below is a brief summary of the current law and a recent update on possible congressional action.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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