Wealthy Americans may soon lose their chance to give their heirs as much as $5.12 million tax free as this huge estate tax break is set to expire at the end of this year. The law currently allows tax free gifts of up to that amount, plus a relatively low 35 percent tax on amounts given over that figure.
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Wills, Trusts, & Estate Planning Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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