CAUTION: Do NOT rely on the results from this calculator to make financial decisions. Interest rates vary and the tax laws change regularly. Please contact us for assistance with your specific concerns.
Officially, the estate tax has been repealed, but only for 2010. That's due to a provision in a 2001 law that gradually reduced the estate tax rates and increased the exemption amount, setting the tax to expire completely in 2010. According to that law, the estate tax is scheduled to be reinstated in 2011 with a top tax rate of 55% and an exemption of $1 million.
Where does your estate stand? Enter the numbers and see for yourself. (Don't forget to add your life insurance proceeds to your estate if you are the owner of the policy.)