Currently, the estate tax exemption is set at $2 million. This means that you may leave up to $2 million in assets to your heirs after your death tax free. In 2009, that amount will increase to $3.5 million, and in 2010 the tax is scheduled to be repealed completely. Then, the exemption will revert [...]
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Probate is the court-supervised process of finalizing a person’s affairs and distributing his or her property after death. This becomes necessary if someone dies without a Will or any other estate planning provisions in place. A special probate court handles all aspects of administering an estate in the absence of other legal planning. Probate courts [...]
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