John is retired and living on his pension. He has accumulated almost $1 million of property he would like to leave to his children. However, Fred is afraid that the federal estate tax will appropriate much of his wealth. Explain whether this fear is well-founded.

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05-12-2022
Law

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John is retired and living on his pension. He has accumulated almost $1 million of property he would like to leave to his children. However, Fred is afraid that the federal estate tax will appropriate much of his wealth. Explain whether this fear is well-founded.

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