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. Through 2012 only estates valued at more than $5 million (or $10 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.)

$
 
   
   
www.CornerstoneFG.com
51 Main Street • Succasunna, NJ • 07876
Phone: 973-584-0031 • Fax: 973-584-3566
• alan@cornerstonefg.com

51 Main Street

Succasunna, NJ 07876

973-584-0031

fax 973-584-3566

*Securities and investment advisory services offered through Hornor Townsend & Kent, Inc., (HTK), A Registered Investment Advisor, Member FINRA, SIPC

105 Fieldcrest Avenue, 5C
Edison, NJ 08837  (732) 225-0777
 

Cornerstone Financial Group, Inc., is independent of HTK.  HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company and does not offer tax or legal advice.

Our representatives are insurance and securities licensed in our resident state of NJ, and NY.  For additional licensing information please contact Alan Meckler at 973-584-0031.  This is not an offer or solicitation in any state where representatives are not properly licensed or registered.

A1RB-1130-03

 

 

Privacy Policy