Kenneth Vercammen, Esq is Chair of the ABA Elder Law Committee and presents seminars to attorneys and the public on Wills, Probate and other legal topics related to Estate Planning and Elder law. He is author of the ABA's book "Wills and Estate Administration. Kenneth Vercammen & Associates,
2053 Woodbridge Avenue - Edison, NJ 08817
(732) 572-0500 More information at www.njlaws.com/

Sunday, December 10, 2017

2018 Federal Estate Tax amount is $5,600,000, meaning your estate is not subject to Federal Estate Tax if it is under $5,600,000.

2018 Federal Estate Tax amount is $5,600,000, meaning your estate is not subject to Federal Estate Tax if it is under $5,600,000.
   In 2018, the annual gift tax exclusion is $15,000.
The basic exclusion amount (or applicable exclusion amount in years prior to 2011) for gifts is $1,000,000 (2010), $5,000,000 (2011), $5,120,000 (2012), $5,250,000 (2013), $5,340,000 (2014), $5,430,000 (2015), $5,450,000 (2016), $5,490,000 (2017), and $5,600,000 (2018).