As I have mentioned before, it is important to have an estate plan regardless of whether you have a taxable estate. And most people do not have a taxable estate under the current tax laws. For 2015 each individual has an exclusion amount of $5.43 million. That means that assets up to that amount are not subject to Federal estate tax. In 2016 that exclusion amount is increasing to $5.45 million.
November 13, 2015 No Responses »