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Avoiding Estate-Tax Traps

Saturday, August 4, 2012 - 8:37 AM
From the Wall Street Journal
Are you married? Then put a copy of this column with the "valuable documents file" you are leaving—or ought to be—for your heirs.

Here's why: The Internal Revenue Service in June issued guidance for an estate-tax law Congress passed late in 2010. As a result, many couples will now find it easier to maximize federal estate-tax savings without costly predeath planning.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600
1. Saturday, August 4, 2012 - 11:59 AM
Thanks for posting this.  First time I had ever seen this issue. 

Probably not that important to each spouse, but great for estate planning and the death of the second spouse.

Thanks, KEN.
bobertbobert19 posts since
Jan 16, 2010
Rep Points: 101
2. Sunday, August 5, 2012 - 2:26 AM
If the estate tax exemption reverts to $1 million per spouse next year, then the benefit is certainly diminished. Another reason to vote for Romney. Sorry for the political rant.
loulou552 posts since
Aug 3, 2010
Rep Points: 3,431