If you are considering updating your estate planning documents, you may want to look at the candidates’ Estate Tax proposals.
Talk of increasing the estate tax can generate strong feelings among voters. In actuality the federal estate tax affects only 0.2% of the United States population. With the current exemption set at $5.45 million per person, only two of every 1,000 Americans who die in 2016 will have estates large enough to pay estate tax. [Read more…]