Back in 2001, Congress changed the law on estate taxes, creating estate tax exemptions that changed over the years. For instance, in 2008, the exemption from federal estate tax is set at $2 million. If you have one dollar more than that number, your excess will be taxed at 45 percent plus, depending on the amount of the excess.
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[Source: Finance: Estate Plan Trusts Articles from EzineArticles.com - Posted by FreeAutoBlogger]
Law in Limbo As Citizens Ride the Roller Coaster on Estate Tax
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