State of the Estate Tax Redux

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Do you know if your family would have to pay an estate tax on your assets if you died today? If you’re like most people, you’re probably worth more dead than alive. It’s not uncommon for average, middle class families to be worth over $1 million at death by virtue of term or permanent life insurance that is counted in the taxable estate.

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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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