The federal estate tax exemption is $5.34 million per person.Recently,lawmakers ruled that the exempted amount held by the first to die would be transferable to the surviving spouse.Therefore,a married couple can now avoid federal estate taxes with combined assets of up to $10.68 million even without good estate planning.

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This statement is true. The federal estate tax exemption is currently $5.34 million per person, which can be transferred to a surviving spouse. This means a married couple can now shield up to $10.68 million from federal estate taxes without proper estate planning.

The Federal Estate Tax Exemption Is $5