• Home
  • Who We Are
    • Dennis P. Lee
    • About Our Firm
  • How We Help
    • Business Owners & Asset Protection
    • Estate and Gift Tax Figures
    • Family-Owned Businesses & Farms
    • Incapacity & Caregiver Support
    • IRA Inheritance Planning
    • LGBTQ Estate Planning
    • Medicaid & Elder Law Planning
      • Are You A Caregiver?
      • Coping With Alzheimer’s
      • Emergency Medicaid & Nursing Home Planning
      • Guardianship & Conservatorship
      • Hospice Care
      • Medicaid Planning
    • Minor Children & Young Adult Planning
    • Outdated Estate Planning Documents
    • Pet Planning
    • Powers of Attorney, Healthcare & Emergency Documents
    • Probate & Trust Administration
    • Remarriage & Blended Families Protection
    • SECURE Act
    • Special Needs Planning
    • Wills & Trusts
  • Events
  • Resources
    • Blog
    • Client Benefits
    • DocuBank
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Frequently Asked Questions
      • Estate Planning FAQ’s
      • Incapacity Planning FAQs
      • LGBTQ Estate Planning FAQs
      • Trust Administration & Probate FAQs
    • LGBTQ Resources
    • Newsletters
    • Pre Consultation Form
    • Probate & Trust Administration & Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
    • Special Needs Resources
  • Reviews
    • Our Reviews
    • Review Us
  • Contact

Lee Law Office

Omaha, NE Estate Planning Attorney

Attend a Free Workshop
(402) 934-4409

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 $12.92 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 $17,000.

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 $12.92  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.

Lee Law Office

Do you need a probate attorney?

Address

Lee Law Office
2433 S 130th Circle Suite 300
Omaha, NE 68144

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 12:00 PM

Map

map
  • Facebook
  • Instagram
  • YouTube
lee law logo Expertise.com lee law logo
© 2023 Lee Law Office
Attorney Advertisement

© 2023 American Academy of Estate Planning Attorneys, Inc.