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Estate Tax Legislation- What Does it Mean to You?

For those of you who have been following the news, you have probably noticed the jockeying that has been going on between the democrats and the republicans as each party makes their final push to pass their year-end legislative agendas.  While this political posturing many times leads to legislative gridlock to the point where no meaningful legislation from either side of the aisle gets passed, this December may prove to be different. 

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Real Property and Estate Planning – Some Important Considerations

For many people, the bulk of their estates often times consist of their interests in real property.  Whether it be a primary home, a vacation cottage, or an investment property, a great many people own real estate of some sort or another.  And for many of those people, that real estate is located in a state different from the one in which they live. 

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Why do I need an estate plan? I’m not wealthy!

In case you did not know, the federal estate tax disappeared in 2010.  That means that the estate of anyone who passes away this year will pass to that person’s heirs tax free. While that is a wonderful thing for the accumulated wealth of those fortunate enough to pass away this year, the rest of us face an uncertain future regarding the federal estate tax laws. 

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