Applicable Exclusion Amount $5.25 Million for 2013 Deaths
Good news! The federal estate tax exemption will remain $5.25 million for individuals dying in 2013 ($10.50 million for couples). This amount will INCREASE annually, adjusted for inflation. If you and your spouse have signed trusts with "A-B" trust provisions (assets split into "Marital and Family" trusts at the first spouse's death), and your estate is significantly below $5.25 million in value, you should call us to discuss amending your trust to remove these provisions. We'll be happy to explain the "pros and cons" of doing so.