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What are the potential challenges or disputes that could arise in estate planning, and how can they be addressed?

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What are the six basic steps of the estate planning process?

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Anticipated Reduction in Federal Estate Tax Exemption: The federal estate tax exemption is scheduled to decrease from approximately $13.99 million to around $7 million per individual after December 31, 2025. It’s crucial to explore strategies to utilize the current higher exemption before it reverts to lower levels.

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