Member Of:
Google Reviews
Yelp Reviews
Avvo Client's Choice Award 2019
Justia Lawyer Rating
Martindale-Hubbell 2019

How Much are Estate Taxes?

By Barry Peters | Aug 17, 2019

Just how much are estate taxes these days? The answer is that, for the vast majority of people, they are no longer an issue.

The Tax Cuts and Jobs Act of 2017 increased the size of estates that are exempt from taxation to $11.4 Million (for 2019). That means a person may leave up to $11.4 Million of property and possessions to heirs without any taxes being due.

For those rarified few whose net worth exceeds that amount, the excess will be taxed at a 40% rate.

One should also bear in mind that the exemption applies to each person. That means that a married couple can each leave $11.4 Million to heirs without estate taxes being imposed.

But, again, for the vast majority of Americans, there will not be any estate taxes due at death.

Client Reviews
Daniel made the entire process simple and easy to understand. He took our questions and made sure we understood all the legal aspects and responsibilities seamless. Neal V.
We want to thank Matt, he was very helpful in answering our questions and walking us through the process of setting up our Family Trust. Charlotte G.
Marcus West was so helpful in setting up our trust. We had several questions and a lot of properties to manage. He was professional & has a great personality. Pamela B.
Ben, you were very thorough in your explanations, answered all of our questions & we would be happy to put our names to referrals for you. Darrell C.
Hello, Ben. Thank you for your assistance with out trust. Your simple, concise, efficient instructions and explanations were easy to understand and follow. We were pleasantly surprised how quickly you were able to get everything set up and ready to go. Desta R.