Creating a will, trust, or any type of estate plan has always involved dealing with an uncertain future. Consider that just over 20 years ago in 1997, the estate tax had an astonishing 55% rate with only a $600,000 exemption. Fast forward to 2020. Now we have a generous $11.58 million exemption and a lower 40% top rate. We also have allies in Congress who favor repealing the estate tax, as evidenced by the September 27, 2017 Unified Framework for Fixing Our Broken Tax Code. So what does this mean for you, as you’re planning for the future? Real more …
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