The new state budget has increased the estate tax exemption from $1.8 million to $2.1 million retroactive to January 1^stof this year. This increase will continue to $2.4 million in 2018, $2.7 million in 2019, and $3 million for 2020 and later. The wealthiest 1,000 estates in Minnesota will see a significant tax cut over the next few years.  Call Peter Brehm at Business Law Center (952-943-3904) to discuss estate tax law changes.