Estate Tax Planning
Currently, every individual who is a resident and citizen of the United States qualifies for an estate tax exemption.
The 2017 estate tax exemption amount is $5.49 million and is indexed for inflation. This means that the first $5.49 million dollars of property a person owns at death is exempt from estate taxes. If a person has made gifts during his lifetime, the exemption at death may be reduced by the amount of the gifts.