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Obama’s 2014 Budget Estate and Gift Tax Proposals: How Might They Impact Your Estate Plan?

By Farrell Fritz P.C. on September 13, 2013
Posted in Federal Tax Issues

As we reached the end of 2012 and the expiration (or so we thought) of the $5 million gift/estate tax exemption, many taxpayers scrambled to make gifts to, or for the benefit of, their family members.  With these gifts, they sought to remove assets, and their appreciation, from the reach of the estate tax.

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