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Is Your Legacy Safe from the 2025 Tax Cut? At the end of 2025, the federal estate tax exemption will be cut in half, leaving many business owners and entrepreneurs exposed. Why This Matters: - Current Exemption: As of 2023, the federal estate tax exemption is $12.92 million per individual. - The Cliff: By 2026, this exemption will drop to around $6 million, drastically increasing the taxable amount of your estate. - Impact: Without proper planning, heirs could face substantial estate taxes, pote
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