Recently, the Federal administration has reinstated a code that will have a significant impact on how we manage our estate. Beginning in 2011, the Federal administration brought back the federal estate tax, which imposes a 35% tax on any estate exceeding $5 million, or $10 million for married couples. An estate tax is defined as a tax imposed on your yucky estate that exceeds the exemption limit.
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May 26, 2011
Federal Government Reinstates the Estate Tax – What That Means to You
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