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How large of an estate can pass federal estate tax free?

By March 16, 2015

The government allows every individual a credit against estate taxes. In the year 2006, the Unified Credit is equal to $345,800, which equals an exemption from estate taxes of $2 million in assets. This means that estate taxes will not be owed at the time of an individual’s death unless the net value of the estate exceeds $2 million.