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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Millang Financial Group
5000 Westown Parkway Suite 100 • West Des Moines, IA • 50266
Phone: 877-650-7015 • Fax: 515-225-6074
• Marketing@MillangFinancial.com

Josh D. Millang is a registered representative with Sunset Financial Services, Inc., a FINRA registered broker-dealer.  Sunset Financial Services is registered to offer securities products in all 50 United States.  Josh D. Millang is licensed to offer securities products in IA.  The information included herein should not be considered a solicitation or an offer to sell product in any state besides those in which Josh D. Millang is properly licensed.

*Securities and Investment Advisory Services offered through Sunset Financial Services, Inc. 3520 Broadway, Kansas City, MO 64111, Phone (816) 753-7000 (Home Office) Member FINRA, SIPC

Sunset Financial is not affiliated with Millang Financial Group