Next year, no matter how preoccupied the federal government is and no matter who is president, a new federal estate tax law is quite likely to be adopted. If it isn't, on Jan. 1, 2010, the U.S. federal estate tax will disappear — at least for that one year. Then, on Jan. 1, 2011, rates will revert back to a mere $1 million exemption per person so that even the upper middle class would be taxed. The general view is that there will be a new law, and soon. As federal lawmakers ...

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