Estate Taxes: An estate tax is a charge upon your entire estate at time death.

ESTATE TAXES

An estate tax is a charge upon the your entire estate at time death before disbursement and regardless of how it is disbursed. An alternative form of estate tax is an inheritance tax. This tax is the property from the estate beneficiaries receive).

The federal government will receive estate taxes upon transfer of your assets at the time of your death. The amount of Federal estate taxes paid is in direct relationship to the size of your estate. Usually, estate taxes are paid if your estate assets are over $1,000,000. If your estate is under $1,000,000 and falls within the Federal guidelines, then your estate may not be charged estate taxes. To be sure, talk with a financial advisor TODAY! CLICK HERE!

REDUCING ESTATE TAXES

• MARITAL STATUS
  In many cases a married couple may pass their estate assets to one another without tax or other taxes and fees. The amount of tax will be deferred until the death of the surviving spouse.
• STATE GIFT TAX
  Gifting is a great way to reduce the amount of estate tax you estate will pay. State laws vary however, and the state you live in may differ. Talk to a certified financial advisor TODAY and save!
• FEDERAL GIFT TAX
  With the federal gift tax, you (as an individual) may give up to $10,000 per person, each year. Each receiving participant must claim these funds on their tax return each year they receive funds. There may be exceptions to the allotted amounts and possible fees, so check with your financial advisor for help setting this up. The State and Federal Gift Taxes can be a one time gift or a yearly, lifetime gift.
• SPOUSE GIFT
  With the help of a financial advisor and additional paperwork, a spouse can “gift” part of their estate to their significant other. The benefit to this is that the ability to save almost double the taxes (tax savings depends on you and your spouse’s financial situation).
  Talk with a financial specialist today! Click here, fill out our on-line form and a certified financial advisor will contact you shortly.

FINDING A FINANCIAL ADVISOR
A financial advisor can ensure you’re saving enough to meet all your immediate and retirement needs. Find out what’s best for you and your retirement goals! Learn more about the different asset allocation types, explore the areas above and fill out our on-line form to find a certified financial advisor in your area.