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Estate Of Affairs

Get relief in estate taxes under the new tax law.

This story appears in the February 1998 issue of Entrepreneur. Subscribe »

Q: From what I understand, the tax bill Congress passed last year really helps family businesses. What do I have to do to benefit from it?

A: Considering you have to die before the act's estate tax relief kicks in, I'd keep the enthusiasm in check. Still, there may be some solace for your heirs under the Taxpayer Relief Act of 1997--especially if yours is a family business worth between $600,000 and $1.3 million.

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