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This page contains a single entry by Associate Editor published on April 21, 2011 12:41 PM.

Even with more Millionaire Taxes, Millionaires Will not Move to States With More Favorable Tax Rates was the previous entry in this blog.

Delayed Compliance with Dodd-Frank Act Adviser Registration is the next entry in this blog.

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Taking Advantage of the New Portability Estate Tax Provisions

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According to the Wall Street Journal in Does your Trust Need a Tune-Up?, the new estate tax law that Congress passed in December increased the amount of money individuals can leave to their heirs and give away during their lives.  Further, spouses can now combine these exemptions up to $10 million.  However, as the Journal points out, individuals need to change their wills, trust, and other estate planning measures to reflect these new tax provisions to avoid over paying or having their original plans backfire.

Posted by Jessica Rebarber, Associate Editor, Wealth Strategies Journal

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