INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-If you consider wealth only,anyone with an estate expected to exceed [$500,000 | $1,000,000] in 2012 must consider estate planning.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-If you consider wealth only,anyone with an estate expected to exceed [$500,000 | $1,000,000] in 2012 must consider estate planning.

Quizplus · Accepted Answer

In 2012, the federal estate tax exemption was $5 million, so individuals with estates exceeding $1,000,000 would need to consider estate planning to manage potential state estate taxes or other financial considerations.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which