Estate planning RIP, but nursing home marriages may blossom
from Forbes (blog)
According to The Trust Advisor Blog, (Advisors Predict Obama Tax Deal Will Hurt Trust Business) Obama's proposed 35 percent estate tax and $5 million exemption has a lot of financial planners freaking out because there is a good chance that a hunk of their business is about to dry up. Apparently many people, whose estates are under the $5 million exemption for singles and $10 million for married couples, will probably skip going to a tax attorney or financial planner in the coming years.
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