Estate Taxes  
Taxes are an important consideration in distributing your estate because the money your estate pays in taxes will not be available to your heirs. Each estate is allowed a federal estate tax exemption — an amount that can pass transfer-tax-free, either through lifetime gifts or at death. The 2010 Tax Relief Act reinstated the federal estate tax. Through 2012 only estates valued at more than $5 million (or $10 million for some married couples) may be subject to the federal estate tax. If upon your death the total value of your estate is less than the applicable exemption amount, no federal estate taxes will be due.

You can use this calculator to estimate the taxable value of your estate and the approximate amount of federal estate taxes that could be owed.
     

Gross Value of Estate (Included in the gross estate are items such as real estate, stocks and bonds, insurance on the decendent's life, annuities, and miscellaneous property.)

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Allowable debts, expenses, deductions (Allowable debts are only valid debts owed by the decedent at the time of death. Allowable expenses may include funeral costs and expenses incurred in administering certain property. You may be able to deduct charitable bequests and certain losses that occur during the settlement of the estate.)

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Capital Planning Corporation
476 Peters Way • Phoenixville, PA • 19460-5656
Phone: (484) 875-3060 • Fax: (484) 924-9436
• bkaplow@fwg.com

Registered Representative of, and securities offered through Financial West Group, Member FINRA/SIPC.  Corporate and supervising branch office located at:  4510 E. Thousand Oaks Blvd. Ste.100 Westlake Village, CA 91362 (805) 497-9222.  Capital Planning Corporation and Financial West Group are non-affiliated entities.

 

 

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