Proposed Expanding of Estate Tax in 2020

The 99.8% Act proposes a progressive rate structure starting at 45 percent for estates between $3.5 million and $10 million. Although the likelihood of this bill becoming law is uncertain, it appears that the expansion of the estate tax will be a target for 2020 Democratic presidential candidates. Learn how you can take advantage now and lock in the current exemptions. Think that a reduction to $3.5 million is still nothing to worry about? Well, your life insurance policy alone may take up about a 1/3rd of that exemption…

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