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3 Federal Estate Tax
Rules
Unlimited Marital Deduction
U.S. citizen spouse
$650,000 Coupon
use it or lose it
going up to 1,000,000 by 2006
Tax Rates are High
37%-55%
How do I avoid these
taxes?
If you are married, be sure that each spouse uses their coupon through trust
planning. (Living or testamentary)
Use life insurance to pay taxes.
Charitable Trusts to zero out taxes.
Comprehensive gifting strategies.
Gifting Rules
Not income taxable to recipient.
Person making gift responsible for paying gift taxes. (37%-55%)
$10,000 per year per person.
Must give up control to recipient.
$650,000 coupon.
rising to $1,000,000 by 2006 Top
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