Maybe you've given some thought to the hereafter and what your heirs might be in line to inherit.

Maybe you thought about reducing the size of that estate beforehand to cut down on any possible taxes—but then decided the federal exemptions were large enough that you wouldn't really need to bother.

After all, the new tax law boosted the amount of assets exempt from federal estate taxes to $11.18 million per person, or $22.36 million for a married couple.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.