How Much Are Estate Taxes?
Despite the chaos in Washington, one thing that Congress and the President have accomplished in the last two years is increasing the size of estates against which no Estate Taxes will be charged.
The new law allows a person to leave as much as $11 Million in property, possessions, and accounts without any Estate Taxes being payable.
And married couples can leave twice that amount. So, a married couple can effectively leave $22 Million in their estate without Estate Taxes being inflicted.
So, for the vast majority of us, Estate Taxes are no longer a significant issue.