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Article: Estimating Your Estate-Tax Bill.(ESTATE PLANNING)
- Article from:
- Kiplinger's Retirement Report
- Article date:
- May 1, 2001
CopyrightCOPYRIGHT 2001 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WITH ALL THE TALK in Washington of eliminating or slashing federal estate taxes, this is a good time to estimate how much your estate would owe if you were to die today. As we went to press, Congress was discussing increasing the amount each person could pass free of federal estate taxes to $2 million or $2.5 million--and possibly as high as $5 million--within a few years. At present, relatively few people leave estates big enough to trigger the tax.
In most cases, your goal is to prune your taxable estate to below $675,000--the amount the law says you can pass free of federal estate taxes in 2001. If the law doesn't change, the exempt amount is set to gradually ...
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Article: Federal Estate and Gift Taxation; 6th ed.
The National Public Accountant;
December 1, 1990 ;
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...Federal Estate and Gift Taxation Federal Estate and Gift Taxation, Warren, Gorham & Lamont, Inc ... transfers, charitable trusts, valuation, gifts to minors, unified credit, jointly-held property, proceeds of life insurance ...
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