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FREQUENTLY ASKED QUESTIONS > Estate Planning Questions & Answers > HOW DO I KNOW IF I NEED ESTATE TAX PLANNING?

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The federal tax laws allow each of us a tax credit to protect a portion of our estate against the inheritance tax.  In 2013, any individual can protect the first $5.25 million of their estate, and, if properly planned, more advanced estate planning techniques can be utilized to reduce estate and gift tax liabilities.