US estate tax is assessed on the value of the decedent’s assets at the time of death.
At present there is a $5,000,000 Federal Estate Tax exemption.
There are several important factors used to determining the taxability of an US estate or trust: taxable gifts, related expenses, charitable contributions, life insurance, annuities, marital deductions.
We are very experienced in all tax aspects of gifts, estates and trusts …as well as the filing of Forms 706, 709 and 1041’s. If you have questions, we’ve got the answers! Don’t hesitate to contact us directly to determine all the rules as they apply to you and your family.