2007 Estate Tax Calculator

Instructions: Please complete items 1 through 5 below. Do not enter any information in the other lines, as these lines are automatically calculated. Also, do not type any commas or periods.

1. Life insurance proceeds.
(Do not include proceeds that are protected by a life insurance trust.)

2. Pension, profit-sharing, IRA, and other retirement assets.
3. All other assets.
This is your gross estate.
4. Debts.
5. Charitable bequests.
This is your taxable estate.
 

Estate tax.
If you are single, this is the estate tax payable at your death. If you are married and the two of you leave all of your property to each other, this is the estate tax payable at the second death.

 

Potential benefit of bypass trust.
If you are married and each of you owns half of the assets listed above, this is the amount your heirs might save if you add a bypass trust to your will or living trust.

NOTE: This information is designed to provide a general overview with regard to the subject matter covered and is not state-specific. The authors, publisher and host are not providing legal, accounting or any other advice which purports to be specific to your situation. The contents of this website are believed to be completely reliable. Nevertheless, some material may be affected by changes in the laws or interpretations of such changes since the material was entered on the website. If legal advice or other expert guidance is required, the services of a competent professional in the field of law, accounting, insurance or investments should be sought.

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