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.)

$

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.)

$
 
   
   
BCR Financial
2000 Corporate Drive, Suite 350 • Wexford, PA • 15090
Phone: 724-933-9000 • Fax: 724-933-9001

*Registered Representatives of Lincoln Financial Securities Corporation, Member SIPC offering investments to residents of the states of: AL, AZ, CA, CO, CT, DE, DC, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NH, NJ, NV, NY, OH, OK, OR, PA, RI, SC, SD, TX, UT, VA, WA, WI, & WV. BCR Financial Services, L.L.C. is a Pennsylvania licensed Registered investment Advisor. To see a directory of BCR Advisors, please click here.  In NY, insurance may be offered through LFS Marketing & Insurance Agency Corporation.  In CA, insurance may be offered through LFS Marketing & Insurance Sales Corporation.  Some life insurance and annuity policies involve exclusions or limitations.  For costs and complete details of coverage, contact your agent. Lincoln Financial Securities and their representatives do not offer legal or tax advice.  Please see your legal or tax professional regarding your individual circumstances.  BCR Financial Services, L.L.C.  and Lincoln Financial Securities are not affiliated.