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$5.12 Million Dollar Estate Tax Exclusion can be doubled

| Feb 17, 2013 | Uncategorized |

New Estate Tax Law is Now Permanent. Note the $5.12 million estate exemption is per person, so for married persons there are methods to increase this exemption to be effectively over $10 million dollars. it is very important to look into setting up a trust or other planning devices. On larger estates such trusts can save $40,000 in estate taxes for every $100,000 over $5.12 million (up to $10.24 million) – A potential savings of over 2 million dollars.  See in general http://www.karlinlaw.com/Trusts-Estates/