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The gifting that can be completed tax-free in 2012 is significant. If one has a large estate it may benefit them to take advantage of the current large gift tax exemption, which will expire in 2013.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified estate tax lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local estate tax attorney to discuss your specific legal situation.