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.
The 2001 Tax Relief Act scheduled gradual reductions in the estate tax until 2010. The Act eliminates the estate tax in the year 2010. Be aware that the repeal is temporary. As of January 1, 2011, the estate tax reverts to previous levels, and federal estate tax will be assessed on estates exceeding $1 million. The maximum tax rate will again be 55%. Stay tuned for future changes in the estate tax law.
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.)