Conscientious
planning requires that you
COMPARE
the impact of each technique with
its alternatives. |
|
|
|
Fees and expenses for legal work, tax consultation,
professional appraisals and risk management are typical costs associated with planning. This table shows the impact taxation would have on an estate
without planning in 1999.
|
|
|
Size of Taxable Estate |
Federal Estate Tax |
Tax as Percentage of Estate |
Unified Credit Amount |
Net Estate Tax |
Percentage of Estate lost to Taxes |
$1,000,000 |
$345,800 |
35% |
$211,300 |
$134,500 |
13% |
2,000,000 |
780,800 |
39% |
211,300 |
569,500 |
28% |
5,000,000 |
2,390,800 |
48% |
211,300 |
2,179,500 |
44% |
10,000,000 |
5,140,800 |
51% |
211,300 |
4,929,500 |
49% |
20,000,000 |
11,000,000 |
55% |
211,300 |
10,788,700 |
54% |
|
|
|
“There
is a cost attached to planning, but there is also
a cost for failing to plan. The question is, which price will you pay...and
which generation will pay it?” |
|
Try our simple estate tax calculator. |
|
|
|
Neither the staff nor
the members of The Nautilus Group may offer legal, tax or accounting advice. Our role
is to educate and motivate clients and their advisors in addressing critical planning
issues. |
|
