What Is My Potential Estate Tax Liability?
Under current law the federal estate and generation skipping taxes were repealed on January 1, 2010 for one year only. However, in 2011 federal estate taxes will be charged on all estates worth more than $1 million unless Congress makes additional changes between now and then. It is also possible that Congress may close the current loophole before the end of this year. This means that the federal government could 'inherit' a significant portion of your estate unless you take measures to preserve your wealth. Use this calculator to estimate your federal estate tax liability.
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