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Estate Tax Law
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When does the estate tax kick in?

You owe no estate taxes in 2009 on the first $3.5 million (2006 -- 2008 on the first $2 million). (The estate tax is repealed in 2010 and returns at the 2001 exemption level for deaths occurring in 2011 and thereafter.) For example, if you die with an estate of $4,500,000 in 2009, Uncle Sam will tax $500,000 at 46%. And one more thing: they must be paid in cash, generally 9 months after you have died. Tax is imposed, regardless of how you disperse your property or the relationship you have to the beneficiaries (except your spouse).


Related Information
» General Estate Tax Law Questions
» Liability
» Trusts
» Wills
» Estate plan
» Marital deduction
» Exemption
» Gross estate
» Unified credit
» Rate
» Charitable deduction
» Credits against tax
» Generation Skipping transfer tax
» Family-owned businesses
» Returns and payment
» Farms
» State taxes on death

Topics Related To Estate Tax Law
» Tax Law
» Corporate Tax Law
» Estate Tax Law
» Gift Tax Law
» Income Tax Law
» Property Tax Law
» Tax Enforcement
 
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