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.)

$
 
   
   
Woodworth Financial, Financial Planning, Business Owners, Busy Executives, Family Estates, Financial Quarterback
20750 Mack Avenue • Grosse Pointe Woods, MI • 48236
Phone: 313-640-9200 • Fax: 313-640-9800
• info@woodworthfinancial.com

Your money is very important.  If you lose any investing it is hard to get it back.  Please understand this site is only for general informational purposes.  None of this constitutes an offer or solicitation to buy or sell any security mentioned herein. The following information is provided by third party sources. The market research information is obtained from sources deemed reliable, but is not guaranteed. The information is subject to change without notice, and is not intended to be a complete analysis of the security, issuer or industry discussed.  Please consult a financial, tax and/or legal expert before making any financial planning decisions.  Unlike members of mass financial consumerism we do not think people should make these decisions by themselves.  We encourage self education however we don't think people should work without consulting an experienced trustworthy professional.  Most professional money managers on Wall Street can't beat "the market."  We want you to get real about investing.  Please use a trusted financial advisor. 

Securities and investment advisory services offered through FSC Securities Corporation, member FINRA and SIPC.  Woodworth Financial is an insurance agency.