...for Estate Tax Purposes?
Pursuant to the American Taxpayer Relief Act of 2012, the 2015 estate value eligible for exclusion from federal estate, gift, and generation-skipping taxes is $5,430,000. In other words, upon your death, the transfer of your assets to your beneficiaries may be subject to federal estate tax if your estate is valued at more than $5,430,000. For couples, this means that just over $10.8 million can be passed to your heirs without incurring any federal estate tax. A vast majority of couples in the U.S. will not need to worry about their estate having to pay federal estate taxes