In addition to the federal estate tax, we also have a federal gift tax. This tax is in place to prevent people from giving away assets while they are living in an effort to avoid the estate tax.
Topics covered in this report include:
- Federal Estate Tax Exclusion
- Federal Gift Tax
- Unlimited Marital Deduction
- State-Level Estate Tax
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Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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