Estate Taxes  
Taxes are an important consideration in distributing your estate because the money your estate pays in taxes will not be available to your heirs. Each estate is allowed a federal estate tax exemption — an amount that can pass transfer-tax-free, either through lifetime gifts or at death. The 2010 Tax Relief Act reinstated the federal estate tax. Through 2012 only estates valued at more than $5 million (or $10 million for some married couples) may be subject to the federal estate tax. If upon your death the total value of your estate is less than the applicable exemption amount, no federal estate taxes will be due.

You can use this calculator to estimate the taxable value of your estate and the approximate amount of federal estate taxes that could be owed.
     

Gross Value of Estate (Included in the gross estate are items such as real estate, stocks and bonds, insurance on the decendent's life, annuities, and miscellaneous property.)

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Allowable debts, expenses, deductions (Allowable debts are only valid debts owed by the decedent at the time of death. Allowable expenses may include funeral costs and expenses incurred in administering certain property. You may be able to deduct charitable bequests and certain losses that occur during the settlement of the estate.)

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Greystoke Consulting, Inc.
4625 East Bay Dr. Suite 223 • Clearwater, FL • 33764
Phone: 727-533-9766 or 1-800-322-0966 • Fax: 727-530-1277
• greycons@hotmail.com

Greystoke Consulting, Inc., a Registered Investment Advisor, offers the information and calculators in this website to a broad audience who may visit this website at any time. Individual situations and circumstances vary. Be sure to consult your accountant, attorney and/or financial advisor before implementing anything discovered here. The Firm will register in other jurisdictions when required. In general, a registration is required in a state where the Firm: (i) has a place of business; (ii) holds itself out as an investment advisor; (iii) has more than five (5) clients (the statutory minimum varies from state-to-state); or (iv) has IARs with a place of business in that state. The CCO shall ensure that the Firm is at all times properly registered and its IARs are licensed as required by applicable federal and state rules and regulations.

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