This analysis assumes that sampla dies in 10 years and sampleb dies 10 years later.                                       ...
Current PlanSecond Death in 2031Gross Estate                           $1,319,140Liabilities                              ...
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Estate tax analysis ledger connie samplea

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a sample of an Estate tax analysis ledger , now hiring financial planners and service pro at www.pfaonline.com Join us. Call Connie 408-854-1883 motherhealth@gmail.com

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Transcript of "Estate tax analysis ledger connie samplea"

  1. 1. This analysis assumes that sampla dies in 10 years and sampleb dies 10 years later. Current PlanFirst Death in 2021Gross Estate $594,342Liabilities $0Net Estate $594,342Probate and Expenses $5,943Final Expenses $0Additional Expenses $0Total Expenses $5,943Adjusted Gross Estate $588,399DeductionsMarital Deduction $588,399Trust for Spouse $0Charitable Bequests $0Total Deductions $588,399AdditionsPost 1976 Gifts $0Total Additions $0Calculation of TaxesTentative Tax Base $0Federal Tax Before Credits $0Post 1976 Gift Taxes Paid $0Applicable Credit $345,800State Tax $0State Credit $0Addititional Credit $0Total Net Taxes $0IRD Income Tax $0DistributionsBequest to Others $0Insurance Inside Estate $0Insurance Outside Estate $0Irrevocable Life Insurance Trust $0Gifts $0Charitable Gifts $0Charitable Bequests $0Life Insurance to Charity $0Charitable Trusts $0Family Trust $0Grantor Retained Trusts $0Intentionally Defective Trusts $0Qualified Personal Residence Trusts $0Dynasty Trusts $0FLP $0Income in Respect of Decedent (IRD) $0
  2. 2. Current PlanSecond Death in 2031Gross Estate $1,319,140Liabilities $0Net Estate $1,319,140Probate and Expenses $13,191Final Expenses $0Additional Expenses $0Total Expenses $13,191Adjusted Gross Estate $1,305,949DeductionsCharitable Bequests $0Total Deductions $0AdditionsPost 1976 Gifts $0Total Additions $0Calculation of TaxesTentative Tax Base $1,305,949Federal Tax Before Credits $472,358Post 1976 Gift Taxes Paid $0Applicable Credit $345,800State Tax $51,981State Credit $51,981QDOT Tax $0Addititional Credit $0Total Net Taxes $126,558IRD Income Tax $338,318Total to Heirs and OthersNet Estate at Second Death $841,073Bequest to Others $0Insurance Inside Estate $0Insurance Outside Estate $0Irrevocable Life Insurance Trust $0Gifts $0Charitable Gifts $0Charitable Bequests $0Life Insurance to Charity $0Charitable Trusts $0Family Trust $0Grantor Retained Trusts $0Intentionally Defective Trusts $0Qualified Personal Residence Trusts $0Dynasty Trusts $0FLP $0Total to Charity $0Total to Others $841,073Total to Heirs and Others $841,073

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