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Insurance plans should contain a beneficiary and a contingent beneficiary as well because they too typically pass outside of a will Your estate plan should include provisions for any children,including naming a guardian for children under age 18 and providing for those from a previous marriage that might not be specifically addressed by leaving assets to a current spouse The Law Firm of Steven F.Bliss Esq.And,the rate of the tax is rising from 35% to 55%.
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