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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Anthonisen Financial Corporation
18708 Dixie Highway • Flossmoor, IL • 60422
Phone: 708-957-2121 • Fax: 708-957-2154
• afc@afcadvisory.com

Lois Anthonisen is a Registered Representative of and offers securities & advisory  services through Royal Alliance Associates, Inc. Member FINRA / SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of AL, AR, AZ, CA, CO, DC, FL, GA, IA, IL, IN, KY, MA, MD, MI, MN, MO, MS, MT, NC, ND, NJ, NV, NY, OH, PA, SC, TN, TX,  VA, WA, WI, and WY. No offers may be made or accepted from any resident outside the specific states referenced.

Nick Markionni is a Registered Representative of and offers securities & advisory services through Royal Alliance Associates, Inc. Member FINRA / SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of AL, AZ,  CO,  FL,  IA, IL, IN,  OH,  and WI. No offers may be made or accepted from any resident outside the specific states referenced.    

Lois Anthonisen and Nick Markionni offer additional services through AFC Advisory, a registered investment advisor, not affiliated with Royal Alliance Associates, offering advisory services in the states of IL and IN. As such, these services are strictly intended for individuals residing in IL and IN.

IMPORTANT CONSUMER INFORMATION:
A broker-dealer, investment adviser, BD agent, or IA rep may only transact business in a state if first registered, or is excluded or exempt from state broker-dealer, investment adviser, BD agent or IA rep registration requirements, as appropriate. Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirement, or an applicable exemption or exclusion.

For information concerning the licensing status or disciplinary history of broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.