It is very important to engage in estate planning once the value of your estate nears

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As of my last update in 2023, the federal estate tax exemption amount is approximately $11.7 million for individuals. This means that estates valued below this amount are not subject to federal estate taxes, making option C the closest to the current exemption threshold. Estate planning becomes particularly important as the value of an estate approaches this level to ensure that assets are protected and passed on according to the individual's wishes, potentially minimizing tax liabilities.

It Is Very Important to Engage in Estate Planning Once