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1. Business and real estate values may be down as much as 20% since last year at this time. This creates opportunities for transferring the business, stock or assets to children or key employees at significantly less tax cost than prior years. The transferor will use less of their lifetime annual gift exemption of $1.0 [...]
Now is a particularly good time for business owners to think about estate tax planning.
The rate is the lowest it has been since the inception of the 7520 rate in May 1989.