Estate Tax Update

The following estate tax status update is from US Congressional Budget To Extend Current Estate-Tax Law, Wall St. J., April 27, 2009: 

The congressional budget resolution would maintain the estate tax at current levels, providing an exemption of $3.5 million for individuals and $7 million for couples, the chief Senate Democratic negotiator said Monday.

The value of estates worth more than those levels would be taxed at 45%, said Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.