Estate Tax Calculator
How Much Estate tax will you pay?
This calculator can help you compute the total bill, with a quick back of the envelope calculation. Please note that it only includes the Federal Estate tax exclusions, as currently enacted, and does NOT calculate state estate taxes, inheritance taxes, or probate fees.
For many individuals, the choice to pay estate taxes and the amount they decide they want to pay can be greatly reduced by tax planning.
Use of established tax planning strategies such as Credit Shelter Trusts (for married individuals), annual exclusion gifting (up to $12,000, per beneficiary in 2008), GRAT's, Family LLC's and Irrevocable Life Insurance Trusts (ILIT) may reduce or eliminate the total tax burden.
Find out what you may pay, now, or for a fuller picture, contact us to schedule an appointment.
This calculator can help you compute the total bill, with a quick back of the envelope calculation. Please note that it only includes the Federal Estate tax exclusions, as currently enacted, and does NOT calculate state estate taxes, inheritance taxes, or probate fees.
For many individuals, the choice to pay estate taxes and the amount they decide they want to pay can be greatly reduced by tax planning.
Use of established tax planning strategies such as Credit Shelter Trusts (for married individuals), annual exclusion gifting (up to $12,000, per beneficiary in 2008), GRAT's, Family LLC's and Irrevocable Life Insurance Trusts (ILIT) may reduce or eliminate the total tax burden.
Find out what you may pay, now, or for a fuller picture, contact us to schedule an appointment.
