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.)

$
 
   
   
First Independent Financial Services, Inc.
6660 S. Sheridan Road, Suite 260 • Tulsa, OK • 74133
Phone: 918-492-9484 • Fax: 918-492-9488
• fifs@bestbd.com

This site has been published in the United States for residents of the United States. The information provided on this site is not intended to be provided to, or used by any person in any jurisdiction or country where such provision or use would be contrary to law or which would subject First Independent Financial Services, Inc., Inc. or its affiliates to any registration requirement within such country or jurisdiction. First Independent Financial Services, Inc. and any of its employees acting as an agent may transact business in a particular state only if first registered, excluded, or exempted from registration requirements, either individually or as a firm. In addition, follow-up conversations or meetings with individuals in a particular state by either First Independent Financial Services, Inc. or its employees acting as agent to effect transactions in securities or discuss securities, will not be made without first becoming registered, excluded or exempted from registration requirements, either individually or as a firm.  First Independent Financial Services, Inc. is a member of FINRA and SIPC.

Privacy Policy