Federal Estate Tax

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July 2016 Estate Planning

Estate Planning Update July, 2016 2016 Annual Gift Tax Exemption:  remains at $14,000 per donor, per donee. 2016 Gift and Estate Tax Exemption:  rose to $5,450,000 per donor, inflation adjusted. Marital Deduction for Transfers to U.S. Spouse:  unlimited. 2016 Generation Skipping Tax Exemption:  $5,450,000 per donor, inflation adjusted. Top rate for Federal Estate, Gift and Generation [...]

By |2018-08-11T17:01:53-07:00August 9th, 2016|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax, Estate Planning, Homepage|Comments Off on July 2016 Estate Planning

2016 Estate Planning

Estate Planning Update 2016 2016 Annual Gift Tax Exemption:  remains at $14,000 per donor, per donee. 2016 Gift and Estate Tax Exemption:  rose to $5,450,000 per donor, inflation adjusted. Marital Deduction for Transfers to U.S. Spouse:  unlimited. 2016 Generation Skipping Tax Exemption:  $5,450,000 per donor, inflation adjusted. Top rate for Federal Estate, Gift and Generation Skipping [...]

By |2018-08-11T17:06:49-07:00January 2nd, 2016|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax|Comments Off on 2016 Estate Planning

2015 Mid-Year Estate Planning Update

Estate Planning Update August, 2015 2015 Annual Gift Tax Exemption:  remains at $14,000 per donor, per done. 2015 Gift and Estate Tax Exemption:  rose to $5,430,000 per donor, inflation adjusted. Marital Deduction for Transfers to U.S. Spouse:  unlimited. 2015 Generation Skipping Tax Exemption:  $5,430,000 per donor, inflation adjusted. Top rate for Federal Estate, Gift and Generation [...]

By |2017-12-06T11:57:19-07:00August 15th, 2015|Annual Estate Plan Updates, Federal Estate Tax|Comments Off on 2015 Mid-Year Estate Planning Update

2015 Estate Planning Update

Quinn DeAngelis, P.C. Kierland Business Center 15849 N. 71st Street, Suite 100 Scottsdale, Arizona 85254 Telephone: 480.281.1512 qdeangelis@azdox.com www.azdox.com  Estate Planning Update  2015 1.  2015 Annual Gift Tax Exemption:  remains at $14,000 per donor, per donee. 2.  2015 Gift and Estate Tax Exemption:  rose to $5,430,000 per donor, inflation adjusted. 3.  Marital Deduction for Transfers to [...]

By |2018-08-11T17:08:14-07:00January 1st, 2015|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax|Comments Off on 2015 Estate Planning Update

2014 Estate Planning Update

Quinn DeAngelis, P.C. Kierland Business Center 15849 N. 71st Street, Suite 100 Scottsdale, Arizona 85254 Telephone: 480.281.1512 qdeangelis@azdox.com www.azdox.com  Estate Planning Update  2014 1.  2014 Annual Gift Tax Exemption:  $14,000 per donor, per donee. 2.  2014 Gift and Estate Tax Exemption:  $5,340,000 per donor, indexed for inflation. 3.  Marital Deduction for Transfers to U.S. Spouse:  [...]

By |2018-08-11T17:08:50-07:00January 1st, 2014|Annual Estate Plan Updates, Past Newsletters, Federal Estate Tax|Comments Off on 2014 Estate Planning Update

2013 Estate Planning Update

Estate Planning Update July, 2013 1. 2013 Annual Gift Tax Exemption: $14,000 per donor, per donee. 2. 2013 Gift and Estate Tax Exemption: $5,250,000 per donor, indexed for inflation. 3. Marital Deduction for Transfers to U.S. Spouse: Unlimited. 4. 2013 Generation Skipping Tax Exemption: $5,250,000 per donor, indexed for inflation. 5. Top rate for Federal [...]

Tax Tail Wags The DOMA Dog

Sometimes the tail does wag the dog.  The U.S. Supreme Court struck down a portion of the Defense of Marriage Act (DOMA) which required same-sex couples to be treated as unmarried for purposes of federal law including its estate tax code.  The Court found that the provision was an unconstitutional deprivation of the equal protection [...]

By |2018-08-11T17:09:03-07:00June 26th, 2013|Past Newsletters, Federal Estate Tax|0 Comments

2013 Special Estate Planning Update

After years of uncertainty, we finally have "permanent" estate tax legislation.  The federal exemption is set at $5,250,000 and a top tax rate of 40% for estates over that amount.  The legislation retained the relatively new concept of estate tax portability.  The new exemption amount and the use of the term permanent should give welcome [...]

By |2018-08-11T17:09:21-07:00January 6th, 2013|Past Newsletters, Federal Estate Tax|0 Comments

2012 Estate Planning Update

Quinn DeAngelis, P.C. Kierland Business Center 15849 N. 71st Street, Suite 100 Scottsdale, Arizona 85254 Telephone: 480.281.1512 qdeangelis@azdox.com www.azdox.com   ESTATE PLANNING UPDATE July, 2012 1. 2012 Annual Gift Tax Exemption: $13,000 per donor, per donee. 2. Temporary 2012 Gift and Estate Tax Exemption: $5,120,000 per donor; Exemption scheduled to return to $1,000,000 per donor [...]

2011 Estate Planning Update

Quinn DeAngelis, P.C. Kierland Business Center 15849 N. 71st Street, Suite 100 Scottsdale, Arizona 85254 Telephone: 480.281.1512 qdeangelis@azdox.com www.azdox.com   ESTATE PLANNING UPDATE August, 2011 1. 2011 Annual Gift Tax Exemption: $13,000 per donor, per donee. 2. Temporary 2011 & 2012 Gift and Estate Tax Exemptions: $5,000,000 per donor; thereafter the Exemptions are currently set [...]