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Estate planning best way to mitigate rising tax
Story Date: 12/18/2012
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Source: SOUTHEAST FARM PRESS, 12/13/12
Unless Congress acts before Jan. 1, 2013, the federal estate tax exemption is set to drop from $5.12 million to $1 million while the tax rate is set to rise from 35 percent to 55 percent for estates valued over the exemption amount.
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