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Trusts Still Matter Beyond Tax Cliffs | Durham News
That big estate tax cliff everyone panicked about? It’s gone — thanks to a 2025 bill raising the federal exclusion to $15 million per person (or $30 million for couples). But don’t ditch your trusts just yet. They’re still vital tools for inheritance control, incapacity planning, business transitions, special needs support, and blended family balance — especially since 12 states plus D.C. still impose their own estate or inheritance taxes. Even if you’re under the federal limit, state taxes could bite. And if you already set up irrevocable trusts to avoid the old cliff, revisit them: their…
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