Hello:
You have probably heard about estate taxes, also called “death taxes.” You may be interested to learn that the IRS counts about everything yo own in figuring how he can get a share of it. The bad news is that once you have a taxable estate, the government wants 40% of the excess over the tax exemption amount. The good news is that most of us will not have to pay this tax. Beginning in 2013 the federal exemption is $5,250,000 and is adjusted for inflation.
About Knollmiller & Arenofsky, LLP
Knollmiller & Arenofsky, LLP, founded by James G. Knollmiller, a Certified Tax Specialist under the State Bar of Arizona; provides clients with a full range of estate planning services. Their team has over 40 years of combined experience in the changing law and assisting individuals and families in planning for the future. They tailor every situation differently to individual clients regarding every estate planning need. For more information please visit: http://
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