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In 2009, the Federal estate
tax exemption will rise to $3.5 million per person (in
effect $7 million per couple). The top Federal
Estate tax rate is 45%. Under current law the
Federal estate and generation-skipping transfer taxes
(but not the gift tax) are repealed in 2010, but come
back in 2011 with a $1 million exemption and a 55% rate.
New York clients,
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New Jersey clients,
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Connecticut clients,
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