Tax Tips: Estate and Gift Tax Rates and Unified Credit Exemption Amounts

Estate and Gift Tax Rates and Unified Credit Exemption Amounts

Year	Estate & GST Tax Transfer Exemption (each person)	Highest Estate & Gift Tax Rates
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011	$1,000,000* $1,000,000* $1,500,000 $1,500,000 $2,000,000 $2,000,000 $3,500,000 $1,500,000 Estate & GST Taxes Repealed $1,000,000	50% 49% 48% 47% 46% 45% 45% 45% 35% (gift tax only) 55%

*For 2002 and 2003, the GST tax exemption will be indexed for inflation.

If your combined net worth is greater than $2,000,000 you need estate tax planning strategy.

For more information call Michael R. Choate, CPA at 225-292-7434 or email: