As of January 1, 2015, every individual who is a resident and citizen of the U.S. qualifies for an estate tax exemption of $5.43 million. This means that the first $5.43 million 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.
For additional information, see our tax planning chart.
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If you need to speak to an experienced estate planning attorney please contact us online or call our Dallas office directly at 214.559.7202. We help clients throughout the Dallas area with all of their estate planning needs and look forward to helping you.
