Unforeseen Estate Taxes: A Shock to Americans
TL;DR Summary
Americans are being caught off guard by estate taxes, as retroactive changes to state laws can significantly impact the amount owed. Karl Yee, who was facing a $112,000 tax bill for his late mother's estate in Massachusetts, received a reprieve when the state's estate-tax law was retroactively changed, reducing the bill to $12,000.
The Estate Taxes Catching Americans by Surprise The Wall Street Journal
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