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Government
Are cuts to the state's estate tax coming?Published 03/17/06
Annapolis attorney Colleen Sinclair Prosser handles scores of estates every year, and more than half of them involve clients grumbling over Maryland's death tax. "What I say to people is: 'In order to avoid the tax, you have to be (worth) under $1 million. Are you really comfortable giving away your assets until you're under $1 million?'" she said. "Most people aren't." But in this election year, state political leaders might be willing to make dying cheaper. Gov. Robert L. Ehrlich Jr. has set aside $14 million in his budget proposal to eliminate the estate tax, following the federal government's lead, and the House and...
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