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ESTATE PLANNING RESOURCES
YOUR OFFICIAL GUIDE TO ESTATE PLANNING

INTRODUCTION
National LawForms is committed to developing strong partnerships with industry leaders within the legal community, legal associations & legal professionals to deliver quality legal software products. In this section we attempt to provide a comprehensive database of helpful estate planning articles and other resources which compliment our Estate Planning, Trust & Wills software package. View answers to the most common questions about the estate planning process, probate and administration of estates, transfer taxes and tax planning for your assets, and disability planning.
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Frequently Asked Questions (FAQ's)
Guidelines for Individual Executors and Trustees
Tax Changes (2004-2011 & beyond)

   
 

TERMS OF USE:
Resources in this section are provided AS-IS and may not be suitable for the purposes intended. Questions relating to article content or application should be discussed with a qualified professional. No tax, legal, financial, investment or similar advice is provided herein. National LawForms, Inc. makes no representation or warranty as to suitability of use or accuracy of content. Further, National LawForms, Inc. disclaims any other warranties, express or implied, including but not limited to the warranties of merchantability or fitness for the intended purpose or use. By using he information provided on this page, you are accepting these terms.

Much of the information on this page was provided by the Public Information Web Site of the American Bar Association’s section of Real Property, Probate and Trust Laws. Visit the American Bar Association to view their disclaimer.


TAX CHANGES (2004-2010)
This simplified chart shows the key rates that will change between 2004 and 2010

2004

Applicable Exclusion Amount - 1.5 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 48%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 48%
GST Exemption Amount Allowable - $1.5 Million
GST Transfer Tax Rate – 48%

2005

Applicable Exclusion Amount - 1.5 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 47%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 47%
GST Exemption Amount Allowable - $1.5 Million
GST Transfer Tax Rate – 47%

2006

Applicable Exclusion Amount - 2 Million
Lowest Estate Tax Rate – 46%
Highest Estate Tax Rate – 46%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 46%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate – 46% 2007 Applicable Exclusion Amount - 2 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 45%
Lifetime Gifts Market Value Exemption -$1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 45%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate – 45%

2008

Applicable Exclusion Amount - 2 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 45%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 45%
GST Exemption Amount Allowable - $2 Million
GST Transfer Tax Rate – 45%

2009

Applicable Exclusion Amount - 3.5 Million
Lowest Estate Tax Rate – 45%
Highest Estate Tax Rate – 45%
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 45%
GST Exemption Amount Allowable - $3.5 Million
GST Transfer Tax Rate – 45%

2010

Applicable Exclusion Amount - Repealed
Lowest Estate Tax Rate - Repealed
Highest Estate Tax Rate - Repealed
Lifetime Gifts Market Value Exemption - $1 Million
Lowest Gift Tax Rate – 35%
Highest Gift Tax Rate – 35%
GST Exemption Amount Allowable - Repealed
GST Transfer Tax Rate - Repealed

2011+

Applicable Exclusion Amount - 1.1 Million
Lowest Estate Tax Rate – 41%
Highest Estate Tax Rate – 55%
Lifetime Gifts Market Value Exemption - $1.1 Million
Lowest Gift Tax Rate – 41%
Highest Gift Tax Rate – 50%
GST Exemption Amount Allowable - $1.1 Million
GST Transfer Tax Rate – 55%


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