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