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IRS Proposed Rules Will Substantially Increase Estate and Gift Taxes

IRS Proposed Rules Will Substantially Increase Estate and Gift Taxes

On August 2, 2016 the IRS announced proposed rule changes that may have important consequences for assets that are owned by families.  If the rules are finalized in their current proposed form, they will likely go into effect in December 2016.  As is explained in more detail below, it is imperative that families that are contemplating transferring assets to family members act now to lock in the current more favorable […]

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