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Why The Wealthy Should Not Care About Estate Taxes

Death and taxes – it is so cliché. For as long as the estate tax has existed there has been debate and panic around the issue.

There have been arguments as to whether or not we should have an estate tax, and panic as to how wealthy clients can avoid paying estate tax.

Super wealthy clients living in states like New York and California stand to lose roughly 50% of their net worth when they die because of state and federal estate taxes.