The current Estate Tax system is set to expire in 2013. Next year, an individual will have an estate and gift tax exemption of $1,000,000. A couple does not have double that amount unless they properly plan their estate. The tax rate also changes. Amounts greater than $1,000,000 are taxed up to a 55% marginal rate.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified estate tax lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local estate tax attorney to discuss your specific legal situation.