What is the estate tax exemption amount?
In 2005 the estate tax exemption amount is $1,500,000. It will increase to $2,000,000 in 2006 and will remain at that level for 2007 and 2008. The status of the estate tax exemption past 2008 is somewhat uncertain. Most estate planners feel that there will be a change in the estate tax law before the end of 2008.