Friday, October 12, 2012
What Makes Up Your Taxable Estate
If you have many millions in your estate, estate taxes can rob a chunk of it from your beneficiaries. But this tax is imposed on your net estate value. That's the value of your estate after you've taken allowable deductions from your gross estate. What makes up your gross estate is the value of all property in which you have any interest at your death plus some gift items you made within 3 years of death. This article overviews the deductions you can take. What property interests are
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