Inheritance Simulator

Estimate inheritance tax and optimize your family transfer.

1. Assets
2. Beneficiaries
3. Results

Asset Composition

$350,000

Beneficiaries

Simulation Results

Estimated Total Fees
$0
Average Tax Rate
0%
Beneficiary Share Allowance Taxable Base Taxes Payable

Frequently Asked Questions

Strategies to potentially reduce estate taxes in the U.S. can include: making lifetime gifts (within annual exclusion limits), establishing trusts, charitable giving, and proper use of the marital deduction. Consulting with an estate planning attorney or financial advisor is crucial for personalized strategies.

  • Federal Estate Tax: For 2024, the federal estate tax exemption is $13,610,000 per individual. Estates below this amount generally owe no federal estate tax. Rates apply progressively above this threshold.
  • Spouses/Civil Partners: Transfers to a surviving spouse are generally 100% exempt from federal estate tax (unlimited marital deduction) and often from state estate/inheritance taxes.
  • State Taxes: A few U.S. states levy their own estate or inheritance taxes, which have different exemptions, rates, and rules. Some states might tax transfers to siblings, nephews/nieces, or non-relatives even if the estate is below the federal threshold. This simulator provides a general approximation.

This simulator is for educational purposes only and does not provide legal or tax advice. Consult with a qualified professional for your specific situation.

This simulator provides only an indicative estimate...


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