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.)

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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.)

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Phone: (916) 409-3737

Toll Free: 1 (800) 234-1993
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McWilliams Financial Corp
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Information on this website is intended for general informational purposes only and should not be considered investment advice, nor should it be relied upon when preparing legal or tax documents. McWilliams Financial is not a licensed tax preparer and does not provide specific legal or tax advice. Information is collected from sources believed to be reliable, but has not been verified for accuracy or completeness. California insurance license number 0682214. Insurance and annuity guarantees are based on the claims paying ability of each insurance company. Securities offered through Pacific West Securities, Inc., member FINRA, SIPC. Advisory services provided through Pacific West Financial Consultants, Inc, a registered investment advisor. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC