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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Insured Wealth Management, LLC
6860 N. Dallas Parkway
Suite 200
Plano, TX 750246
972-381-2778

6800 Heritage Parkway
Suite 200
Rockwall, TX 75087
972-412-6064
Phone: 972-381-2778 Plano Office
972-412-6064 Rockwall Office		 • Fax: 972-265-7937
• info@insured-wealth.com

 

 

 

 

Marc Helfrich, Idolina Shumway & Rick Lucas are Registered Representatives - Securities and Advisory Services Offered Through Veritrust Financial L.L.C.  Broker/Dealer.
Member FINRA/MSRB/SIPC. SEC Registered Investment Advisor.              
Robert C. Badali is an independent Investment Advisor registered with the Texas State Securities Board.  Insured Wealth Management and Veritrust Financial L.L.C. are unaffiliated entities.
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