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Phone: 214-559-7202
The Ashmore Law Firm, P.C.
Call 214-559-7202
Fax 214-520-1550

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.

tax chart