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November 10, 2006 Does New Congress Mean New Focus on the Estate Tax?
With the shift of power in Congress, the estate tax question will most
likely languish for a while. The likelihood of repeal is pretty much dead as
the debate will focus on rates and exemption limits. As a result, we
anticipate that family gift and estate tax planning will expand in 2007 and
2008 as families recognize that a full repeal is unlikely. Now is a good
time to revisit your gift and estate tax planning strategy as the dust is
definitely settling on a Democratic Congress.
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