Many of our clients express their frustration at an estate tax that seems excessive and unfair. Believe it or not, it could be worse. Prior to 1976, the top estate tax rate was a whopping 77% (and remained at 70% until 1981). Today’s taxation structure imposes a 40% rate on all estates over $5.43 million. For more on the evolution of the estate tax as we know it today, Click here for article…
