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Home / News Stories / Expiration of estate tax may be a trap for planners (access required)

Expiration of estate tax may be a trap for planners (access required)

A trap has been sprung for estate planners. The trap was set in 2001, when Congress enacted tax cuts as part of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001. Under the act, the estate tax exemption increased in phases from $675,000 to $3.5 million in 2009, and the estate tax was repealed ...