download this article in Word format 1.) Estate tax currently affects decedent’s estates that exceed a value of $675,000. 2.) The new law ultimately phases out the tax by the year 2010. The exemption amounts are as follows:   Calendar Year Exemption Tax Rate 2002 $1.0 million 50% 2003 1.0 million 49% 2004 1.5 million 48% 2005 1.5 million 47%…

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