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.)

$
 
   
   
GFC Strategic Lifestyle Advisors
269 Main Street • Greenville, PA • 16125
Phone: 1-800-808-7091 • Fax: (724) 588-3742
• kathy@securewithgfc.com

Securities offered through registered representatives of  Walnut Street Securities, Inc. member FINRA/SIPC. This material is for informational purposes only, and should not be construed as an offer to sell or solicitations of an offer to buy any security from or through WSS or its affiliates or persons associated with WSS or its affiliates.  WSS makes no representation or warranty relating to the facts presented or that all material facts necessary to make an investment decision are presented.  The information in this material is not intended to be personalized investment advice and should not be solely relied on for making investment decisions.  Neither Greenville Financial Consultants, Inc. nor GFC Strategic Lifestyle Advisors are affiliated with Walnut Street Securities, Inc.

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