It's true that you can't take it with you. But will your inheritors have to pay for what you leave behind? Most people who consider estate planning are understandably concerned with “death” taxes, which are used to tax large transfers of wealth between individuals.

Estate taxes are imposed on transfers made at the time of death, and gift taxes are imposed on transfers made during an individual's lifetime. Although estate taxes and gift taxes are paid separately, they are a unified tax in the sense that a single graduated rate schedule applies to the cumulative total of taxable transfers made through gifts and estates. Below are 2009 and 2010 gift & estate tax tables.

For more information on estate and gift taxes and how to minimize their effect on your estate, contact the financial consultants at Warren Steinborn Associates.

Securities offered through
J.P. Turner & Company, LLC (Member SIPC).
"J.P. Turner & Company, LLC is not affiliated with Warren Steinborn Associates"
Legal Disclaimer   Privacy Policy
JPT050610-579