The estate tax law has been revised in recent years to raise the portion of estates exempt from the tax ($675,000 in 2001 raised to $1.5 million in 2004) so that the number of estates subject to the tax has dropped (to 2.3% in 2001) and the value of the average estate that was taxed was about $2.7 million in 2001. Some proposed legislation calls for the eventual elimination of the tax over the next decade. Business owners and farmers (who may be cash poor, but rich in property or land) are among the groups that sometimes unexpectedly leave estate tax bills for their heirs. A thorough review of your insurance and financial plans should include a consideration of possible estate taxes with a knowledgeable advisor.

If you have the better answer, then send it to us. We will display your answer after the approval.
Rules to Post Answers in OneStopFAQs.com:-

There should not be any Spelling Mistakes.

There should not be any Gramatical Errors.

Answers must not contain any bad words.

Answers should not be the repeat of same answer, already approved.

Answer should be complete in itself.

Name :*
Email Id :*
Answer :*
Verification Code	Not readable? Load New Code
Enter the above shown code:*
	Inform me about updated answers to this question