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. In 2012, only estates valued at more than $5.12 million (or $10.24 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.)

$
 
   
   
www.StarrBarnum.com

One Main Street, Suite 214

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Burlington

, VT		 • 05401
Phone: 802.324.3831
• barnumv_starr@nlvmail.com

Securities and investment advisory services are offered solely by Equity Services, Inc., Member FINRA/SIPC, Broker/Dealer and Registered Investment Adviser, 354 Mountain View Dr, Suite 200, Colchester, Vermont 05446 (802) 864-6819.  All entities and individuals referenced are independent of Equity Services, Inc. unless otherwise noted.  The Vermont Agency is independent of Equity Services, Inc.

Starr Barnum is a Registered Representative and Investment Advisor Representative of Equity Services, Inc. and offers securities in Vermont. Starr is licensed to sell life and health insurance in Vermont, Connecticut, Massachusetts, Maryland, Virginia, and New York.

Registered Representatives of Equity Services, Inc. do not offer tax or legal advice. For advice concerning your own situation, please consult with your appropriate professional advisor. 

 


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