Estate Taxes  
Taxes are an important consideration in distributing your estate because the money your estate pays in taxes will not be available to your heirs. Each estate is allowed a federal estate tax exemption — an amount that can pass transfer-tax-free, either through lifetime gifts or at death. The 2010 Tax Relief Act reinstated the federal estate tax. In 2012, only estates valued at more than $5.12 million (or $10.24 million for some married couples) may be subject to the federal estate tax. If upon your death the total value of your estate is less than the applicable exemption amount, no federal estate taxes will be due.

You can use this calculator to estimate the taxable value of your estate and the approximate amount of federal estate taxes that could be owed.
     

Gross Value of Estate (Included in the gross estate are items such as real estate, stocks and bonds, insurance on the decendent's life, annuities, and miscellaneous property.)

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Allowable debts, expenses, deductions (Allowable debts are only valid debts owed by the decedent at the time of death. Allowable expenses may include funeral costs and expenses incurred in administering certain property. You may be able to deduct charitable bequests and certain losses that occur during the settlement of the estate.)

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DERRICK FINANCIAL GROUP - Insurance, Investments, Financial Services
1831 Forest Dr Suite K • Annapolis, MD • 21401
Phone: 301-261-1595 or 410-263-9708 • Fax: 410-263-2709
• charles_l_derrick@glic.com

Charles Richard Derrick, Registered Representatives of Park Avenue Securities, LLC (PAS).  Securities products and services are offered through PAS, 954 Ridgebrook Road, Suite 300, Sparks, Md.  21152, 410-828-5400.  Field Representatives, The Guardian Life Insurance Company of America, New York, New York.  PAS is an indirect, wholly-owned subsidiary of Guardian.  Derrick Financial Group is not an affiliate or subsidiary of PAS or Guardian. 

Stephen Lee Derrick and Charles Lee Derrick, Registered Representatives and Financial Advisors of Park Avenue Securities, LLC (PAS).  Securities products/services and advisory services are offered through PAS, a registered broker-dealer and investment advisor, 954 Ridgebrook Road, Suite 300, Sparks, Md.  21152, 410-828-5400.  Field Representatives, The Guardian Life Insurance Company of America, New York, New York.  PAS is an indirect, wholly-owned subsidiary of Guardian.  Derrick Financial Group is not an affiliate or subsidiary of PAS or Guardian. 

PAS is a member FINRA, SIPC.

The information on this site is intended for the residents of DC, KY, MA, MD, ME, NC, PA, and VA.  The financial representatives of Derrick Financial Group are not licensed to sell insurance in all 50 states.  To find out if an agent is licensed in your state, please contact Lee Derrick at 410-263-9708.

Registered Representatives securities licensed in DC, KY, MA, MD, ME, NC, PA, and VA.  This website is strictly intended for individuals residing in those states.  No offers may be made or accepted from any resident outside these specified states.

 

Neither Guardian, nor its subsidiaries, agents or employees provide tax or legal advice.  You should consult your tax or legal advisor regarding your individual situation.

 

The Living Balance Sheet ® and the Living Balance Sheet ® Logo are registered trademark of The Guardian Life Insurance Company of America (Guardian), New York, NY.  The graphics and text used herein are the exclusive property of Guardian and are protected under U.S. and International copyright laws.

Copyright 2005-2011, The Guardian Life Insurance Company of America.

The information or opinions contained in this Internet site should not be construed by any consumer and/or prospective client as an offer to sell or the solicitation of an offer to buy any particular investment product. The information contained herein is directed solely to those individuals who reside in jurisdictions in which the representative is registered in the state where the consumer and/or prospective client reside. Any subsequent direct communication with a consumer and/or prospective client shall only be conducted by a representative that is registered in the state where the consumer and/or prospective client reside.

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