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| I think it goes down to $3.5million.
Good estate planners can make a $10million estate look like a $7million estate pretty easy. For example put all the land in a limited partnership but for a small percentage owned by an LLC which would act as the General Partner in the limited partnership. Your parents could be the owners of the LLC and still control what goes on. They can gift percentages of the LP to whomever they wish. Since the land is in a Limited partnership it should appraise at a lower value, which basically increases the number of acres they can gift. | |
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Estate Tax
