The current estate tax has a $5,120,000 exemption. Any funds inherted in excess of this amount are taxed at 35%. On January 1, 2013, this reverts back to $1 Million and 55% tax any funds inhereted in excess. This is too penalizing of a tax and, if unchanged, will contribute to the quickly approaching "fiscal cliff".
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
