The American Taxpayer Relief Act of 2012 (ATRA) forever changes the face of insurance and estate planning. The permanent $5 million (adjusted for inflation) exemption amount and portability, coupled with the higher marginal income take rates, have profound implications. Estimates are that only 3,000 to 4,000 estate tax returns will be filed each year that owe estate tax (the actual number of total returns will be very high, as surviving spouses seek to
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