Estate and Gift Tax Rates and Unified Credit
Exemption Amounts
Year |
Estate & GST Tax Transfer Exemption (each person) |
Highest Estate & Gift Tax Rates |
2003
2004
2005
2006
2007
2008
2009
2010
2011
|
$1,000,000*
$1,500,000
$1,500,000
$2,000,000
$2,000,000
$3,500,000
$1,500,000
Estate & GST Taxes Repealed
$5,000,000
|
49%
48%
47%
46%
45%
45%
45%
35% (gift tax only)
55% |
If your combined net worth is greater than $5,000,000 you need estate tax planning strategy.
If you have minor children or an estate value of over $5 million (including life insurance), we strongly recommend you establish a Will and develop an estate tax strategy.
The annual gift tax exemption is $13,000 for 2011 and 2012.
For more information call Michael R. Choate, CPA at 225-292-7434 or email:
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