The amount you can pass free from estate tax is at a record high of $11.7 million per person. There’s pending legislation which could lower the exclusion to $3.5 million per person. Married people can take advantage of the current exemption. Attached is commentary by my friend and colleague Steve Hartnett, an estate planning expert. Read on to learn more.
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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