Check if your estate may be subject to federal or state estate taxes
Estate taxes are levied on the transfer of assets at death. While the federal exemption is high, some states have much lower thresholds. This tool helps you understand where you stand.
The current high federal exemption is scheduled to sunset after 2025, potentially dropping to approximately $7 million (adjusted for inflation). Congress may act to extend it, but planning for both scenarios is wise.
Include all assets: home, investments, retirement accounts, life insurance death benefit, business interests, etc.
Estate planning is about more than taxes. Ensure your wishes are documented and your loved ones are protected.