| In the case of
estates of decedents dying during: |
The applicable exclusion amount
is: |
The top tax rate is: |
| 2004 |
$1,500,000 |
48% |
| 2005 |
$1,500,000 |
47% |
| 2006 |
$2,000,000 |
46% |
| 2007 and 2008 |
$2,000,000 |
45% |
| 2009 |
$3,500,000 |
45% |
| 2010 |
N/A |
repealed |
| 2011 |
$1,000,000 |
55% |
-
Depending
on the dates and amounts of your lifetime gifts,
your applicable exclusion amount may vary. Your
exclusion amount will be reduced for any lifetime
gifts in excess of the annual exclusion (currently
$13,000 per donee).
-
Your exclusion amount may be phased out after your gross estate exceeds
a particular threshold.
-
Assets counted as part of your estate includes death benefits from life
insurance policies owned by you and qualified retirement plans and IRAs.
|
