How Large of an Estate Can Pass Federal Estate Tax Free in Nevada?

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HOW LARGE OF AN ESTATE CAN PASS FEDERAL ESTATE
TAX FREE IN NEVADA?
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Federal Estate Tax
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In the United States there is a federal estate tax
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The assets that you pass along to your loved ones
after you die are potentially subject to this tax
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This federal death levy can significantly erode
the value of your estate
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Estate Tax Exclusion
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Every family does not have to pay the estate tax
because of the fact that THERE IS AN ESTATE TAX
EXCLUSION
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If your assets do not exceed this exclusion
amount your estate is not subject to the federal
estate tax
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Exclusion Amount
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The amount of the estate tax exclusion in 2013
is 5.25 million
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• If your assets do in fact exceed this amount you
  are faced with estate tax exposure

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A base of 5 million was put into place for the
2011 calendar year
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The exclusion has been adjusted upward for
inflation annually since then
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Unlimited Marital Deduction
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The 5.25 million exclusion is relevant on asset
transfers to people other than your spouse
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There is an unlimited marital deduction
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• As a result, you can bequeath any amount of
  property to your spouse free of the federal
  estate tax

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The only caveat would be that this unlimited
deduction is only afforded to United States
citizens
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Combined Exclusions
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It is important to understand the fact that the
federal estate tax exclusion is allotted to each
individual taxpayer
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As a result, if you are married you have a 5.25
million exclusion in 2013, and your spouse has
his or her own exclusion
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As a couple you would have a total exclusion of
10.5 million
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Portability
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The estate tax exclusion is portable between
spouses
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• This means that a surviving spouse could use his
  or her deceased spouse's exclusion

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Using the 2013 exclusion amount, a surviving
spouse would have a total exclusion of 10.5
million
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Estate Tax Efficiency Strategies
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If your estate is going to be exposed to the
federal estate tax you can take steps to
protect your wealth
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Our firm offers free wealth preservation
consultations
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If you live in northern Nevada give us a call at
775-823-WILL to make an appointment
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If you live in northern Nevada give us a call at
775-823-WILL to make an appointment
Or visit our website
www.Wealth-Counselors.com