Estate Tax Exclusion Amount for 2012 to Increase to $5,120,000

Gregory Herman-Giddens, Attorney and President at TrustCounsel recently posted this news regarding the 2012 Estate Tax rules.  This is important for all Appraisers to know, since we are the ones called in to determine the Fair Market Value of Art, Antiques and Household contents.

If you are a collector, it can become vitally important for your estate to have a recent Fair Market Value Appraisal by an IRS Qualified Appraiser.  Knowing what you have and the current market value is an important part of a thorough Estate Planning strategy.

Estate Tax Exclusion Amount for 2012 to Increase to $5,120,000.

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