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What is the maximum amount you may leave to heirs free of federal tax?

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What is the maximum amount you may leave to heirs free of federal tax?

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That number will be $3.5 million in 2009; however the estate tax is scheduled to phase out completely by 2010, but only for a year. Unless Congress passes new laws between now and then, the tax will be reinstated in 2011 and you will only be allowed to leave your heirs $1 million tax-free at that time.

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