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Dan Daniels, partner with Wiggin and Dana LLP, talks about how family offices have an opportunity to deal with estate planning, but only until the end of 2012. Until then, the estate tax law has a $5 million exemption with a 35 percent tax rate. But in 2013, the rate will jump to 55 percent and the exemption will drop to $1 million. So now is the time to act.
