No one wishes to think what might possibly take place when a friend dies.Nevertheless, if you have the responsibility of executorship over your friend's estate, it's crucial that you learn the changes coming for estate taxes and everything that signifies for you.
In 2001, the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) began a 9-year appeal of the estate tax. During that period, the estate tax exemption progressed to $3.5 million and the tax rate grew to 75 percent.
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