It’s time to create an estate plan to take advantage of the big tax exemption

It’s time to create an estate plan to take advantage of the big tax exemption

Tom Merton | Getty Images

Owners of large estates have reason to celebrate. For the second year in a row, the estate-tax exemption has increased to keep up with inflation, offering families with substantial assets the ability to shield a bigger portion of their estates from estate tax.

For 2020 the Internal Revenue Serviceraised the estate tax exemption to $11.58 million per individual,…

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