Let us help with you with your 2013 estate taxes questions?
If your estate’s value is between $1 million and $5.12 million, you may want to prepare for a change in 2013. If Congress doesn’t make additional changes, the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010”may come to an end on December 31, 2012. In 2012, every dollar you own above the $5.12 million exemption will be subject to federal estate taxes upon your death. In 2013, the exemption level may drop from $5.12 million to $1 million. With proper planning you may be able to lessen additional estate taxes.
Call in the Experts
Be sure to consult with a certified public accountant who specializes in tax matters and/or an estate planning attorney who can guide you through the puzzling array of laws related to property, taxes, wills, probate, trusts and charitable annuities. With expert advice you can save on future federal estate taxes and leave a lasting legacy to the people, charities and Church that you love. If you believe in the mission of Mount Angel Abbey and Seminary, and you would like to include us in your estate plans, please consider revocable options such as including us in your will or designating us as a beneficiary of your retirement plan assets, or irrevocable options such as a charitable gift annuity.