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Coral Gables Florida Estate Planning Law Firm

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  • Home
  • Our Firm
    • About Justin Stivers, Esq.
  • Services
    • Estate and Gift Tax Figures
    • Financial Planning Assistance
    • IRA Inheritance Planning
    • Medicaid And Elder Law Services
      • Guardianship for Young Children
      • Options for Paying for Nursing Home Care
    • Minor Children and Young Adult Planning
    • Outdated Estate Planning Documents
    • Pet Planning
    • Emergency Documents, Powers of Attorney, & Healthcare Documents
    • Remarriage & Blended Families Protection
    • SECURE Act
    • Special Needs Planning
    • Trust Administration and Probate
    • Wills and Trusts
  • Free Webinars
  • Resources
    • Relocating To Florida
    • Estate Planning Resources
      • Estate Planning Definitions
      • Is Your Estate Plan Outdated?
      • Reports
      • Top 10 Estate Planning Techniques
    • Elder Law Reports
    • Frequently Asked Questions
      • Estate Planning FAQs
      • Incapacity Planning FAQs
      • Probate & Trust Administration FAQs
    • Incapacity Planning
    • Pre-Consultation Form
  • Reviews
  • Blog
  • Contact Us

Estate and Gift Tax Figures

Federal

Estate and Gift Tax Applicable Exclusion:
The amount that can be passed free of federal tax. Whatever amount is used during lifetime is no longer available for use to pass assets at death. The Estate and Gift Tax Applicable Exclusion is currently $12.06 million.

Annual Gift Tax Exclusion:
The amount that can be given to each person you want without using any Applicable Exclusion. The Annual Gift Tax Exclusion is currently $16,000.

Generation-Skipping Tax Exemption:
This allows for giving to people who are grandchildren or other “skip persons.” It may also be used as a sophisticated way of avoiding Federal estate tax at the death of a child. Each person currently has $12.06 million of Generation-Skipping Tax Exemption.

State

State Estate Tax:
In addition to the Federal Estate Tax, many states have a State Estate or Inheritance Tax. State Estate and Inheritance Tax may apply at a much lower level than the federal tax. It may apply when a person dies when resident in or owning property in any of the many states with such a tax.

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Where We Are

Stivers Law
110 Merrick Way Suite 2C
Coral Gables, FL 33134
Phone: (305) 456-3255

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Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM

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Office Location

Stivers Law
110 Merrick Way Suite 2C
Coral Gables, FL 33134
Phone: (305) 456-3255

See Larger Map Get Directions

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM

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