Nuts and Bolts Guide: The Taxes on Giving -- Federal Estate and Gift Taxes

The federal gift tax on certain gifts made by the Giver during his/her lifetime is the Gift Tax. The federal tax on gifts received by beneficiaries after the giver has died is the Estate Tax.

The Taxes on Giving -- Federal Estate and Gift Taxes

Background For 2009, the federal gift tax rate ranges from 41-45% of countable gifts (those whose combined total exceeds $1 million). The federal estate tax rate is 45% of countable assets (those whose combined t total exceeds $3.5 million). Details Information provided is reflective of current California law and procedures (2009). Price $5.00 (USA), including USPS print mail shipping and any applicable sales tax. Continental USA sales and shipment only.

Description

This four-page, plain-language guide provides the following information about The Taxes on Giving Federal Estate and Gift Taxes:
• Gift taxes the $13,000 rule
• Calculating the estate tax
• Minimizing the estate tax for decedents who were single
• Minimizing the estate tax for decedents who were married
• The bypass trust

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June, 2009