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. In 2012, only estates valued at more than $5.12 million (or $10.24 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.)

$

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.)

$
 
   
   
Wealth Advisor, Financial Planning, Investment Advisor, Estate Planning, Insurance, Mortgage, Reverse Mortgage
141 North Main St
Cleveland GA 30528

35 N Chestatee St
Dahlonega, GA 30533
Phone: (706) 865-0121 • Fax: (888) 404-3296
• john@bluecreek.net

All content on this site is for information purposes only.  Opinions expressed herein are solely those of John Essigman Wealth Advisors LLC and our editorial staff.  Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness.  All information and ideas should be discussed in detail with your individual adviser prior to implementation.  Fee based financial planning and investment advisory services are offered by John Essigman Wealth Advisors LLC, a Registered Investment Advisor in the State of  Georgia. Securities products are offered through Gradient Securities LLC, Member FINRA / SIPC  John Essigman Wealth Advisors LLC and Gradient Securities LLC are unaffiliated companies.  The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Georgia or where otherwise legally permitted.

Privacy Policy