Friday, October 19, 2012

2012 Estate Tax

On January 1, 2012, the federal estate tax exemption rate increased to $5.12 million for an individual ($10.24 million for a couple). That's up 2.4% from $5 million in 2011. This means that estates get an additional $120,000 that is exempt from the federal estate tax rate of 35%. Planning your estate to take advantage of emerging beneficial tax laws is imperative, especially for estates valued between $5 and $20 million.

Contact us today and find out how we can assist you in getting the most out of your wealth.

Estate Plan & Taxes