estate planning

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West Hartford, CT

phone: 860.232.9858
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Estate Planning Tools

General Business
by Jack Veale

For many years, estate and gift taxes have been undercutting the wealth of successful family businesses. For instance, though married couples with children may double the tax-free amount they can pass on to their families, there is relatively little shelter if one parent dies. In such a case, tax rates can quickly reach as much as 55% on the fair market value of the deceased parent’s property.

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