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August 02, 2001 at 08:00 PM
NU Online News Service, Aug. 2, 4:08 p.m. – The Phoenix Companies Inc., Hartford, has published early results of a survey suggesting the new federal tax law will have little effect on the estate plans of wealthy individuals.
Although 64% of the participants in the survey said the new legislation would decrease their estate taxes, 27% believed the law would not change their tax burden, according to “The 2001 Phoenix Wealth Management Survey.”
Only 3% believed their taxes would go up.
The researchers that conducted the survey found that affluent individuals closely followed the estate tax discussions last spring. More than 60% considered themselves “very” or “fairly” knowledgeable about the subject.
