The IRS calls the estate tax “a tax on your right to transfer property at your death.” https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax (September 23, 2016). Democratic presidential candidate Hilary Clinton has reportedly suggested that individuals giving more than 500 million dollars in gross assets upon death should be taxed at 65 percent. http://fortune.com/2016/09/23/hillary-clinton-inheritance-tax-billionaire-estates/ (September 23, 2016). Mrs. Clinton has also suggested that the individual exemption should be reduced from 5.45 million to 3.5 million. Republican presidential candidate Donald Trump is reported to have suggested that the estate tax should be eliminated.
Find out what your first step is to reducing your federal estate tax liability at https://www.marquardtlawfirm.com/wills-trusts/federal-estate-tax-plan.html
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