skip navigation

Paul Scott, President, ChFC®, LUTCF

Contact Us

2115 Lafayette Blvd
Fredericksburg, VA 22401
  • Phone:
    (540) 891-9331
  • Fax:
    (540) 898-2915
  • E-mail address: paul.scott@voyafa.com
  • Home
  • About Us
    • About Paul Scott
    • Our Location
    • Our Products & Services
    • Our Team
  • Resources
    • Articles
    • Calculators
    • Flipbooks
    • Newsletters
    • Glossary
    • Tax Library
    • Videos
  • Market Watch
    • Detailed Quotes
    • Symbol Lookup
    • Multi Quote
    • Markets at a Glance
    • Charting
    • Portfolios
  • Request A Quote
    • Long-Term Care Insurance
    • Group Health
    • Life Insurance
    • Individual Health
    • Disability Income Insurance
    • 401(k) Information Request
    • Information Request
  • Contact Us
  • 57% of U.S. workers have saved less than $25,000 for retirement.* -- *2015 Retirement Confidence Survey, EBRI
  • Only 48% of Americans know how much money to save for retirement.* -- *2015 Retirement Confidence Survey EBRI
  • 50% of retirees left the workforce earlier than planned.* -- *2015 Retirement Confidence Survey EBRI

Paul Scott, President, ChFC®, LUTCF

Printed from: www.paulscottinsurance.com
  • Scott Insurance & Financial Services Inc
  • 2115 Lafayette Blvd, Fredericksburg, VA 22401
  • (540) 891-9331 | paul.scott@voyafa.com

Federal Estate Taxes

How Much Estate Tax Might You Owe?

If upon your death the total value of your estate is less than the applicable exemption amount, no federal estate taxes will be due.

Taxes are an important consideration in distributing your estate because the money your estate pays in taxes will not be available to your heirs. Each estate is allowed a federal estate tax exemption — an amount that can pass transfer-tax-free, either through lifetime gifts or at death. The American Taxpayer Relief Act of 2012 extended the federal estate tax with a top tax rate of 40 percent. In 2019, only estates valued at about $11.4 million (or $22.8 million for some married couples) or more may be subject to the federal estate tax. If upon your death the total value of your estate is less than the applicable exemption amount, no federal estate taxes will be due.

You can use this calculator to estimate the taxable value of your estate and the approximate amount of federal estate taxes that could be owed.

Based on your estimates, these hypothetical results show the amount of federal estate taxes that could be owed on your estate.

Your Results

Net value of estate $0.00
Deduct federal estate tax exemption $0.00
Taxable value of estate $0.00
Multiply by federal estate tax rate 0.00%
Estimated federal estate tax due $0.00
Estimated amount to heirs and other beneficiaries $0.00

Are you comfortable with the amount you could pay in federal estate taxes? Keep in mind that many states and the District of Columbia have their own estate or inheritance taxes, or both, and many have exemptions less than the federal exemption. There are steps you may be able to take to help reduce your estate tax burden. Review your individual situation and develop a strategy to help reduce your estate tax liability and leave more money to your heirs.

How Much Will You Leave Your Heirs?

 

This is only an estimate of the federal estate taxes that could be owed on your estate.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

background image for page 1 background image for page 2 background image for page 3

Contact Us

2115 Lafayette Blvd
Fredericksburg, VA 22401
  • Phone:
    (540) 891-9331
  • Fax:
    (540) 898-2915
  • E-mail address: paul.scott@voyafa.com

Investment adviser representative and registered representative of, and securities and investment advisory services offered through Voya Financial Advisors, Inc. (member SIPC)

Federal and state insurance and securities rules and regulations prohibit registered representative(s) and/or investment adviser representative(s) from soliciting, offering and selling any insurance or securities products or providing investment advice until they are properly registered and licensed in each state jurisdiction.

Scott Insurance & Financial Services, LLC. is not a subsidiary of nor controlled by Voya Financial Advisors, Inc.

[ Online Privacy Policy | Privacy Promise ]

  • Site Map