US estate tax is assessed on the value of the decedent’s assets at the time of death.
At present there is a $5,000,000 exemption however, on January 1, 2013 we are expecting a significant change in that exemption.
We are very experienced in all tax aspects of gifts, estates and trusts …as well as the filing of Forms 706, 709 and 1041’s. If you have questions, we’ve got the answers! Don’t hesitate to contact us directly to determine all the rules as they apply to you and your family.