WHAT ABOUT DEATH (ESTATE) TAXES?
No one knows what is going to happen with the death tax. It has fluctuated wildly over the past few years. At present, estates under $5,000,000 (single) or $10,000,000 married do not pay a death tax.
Estate tax rates are confiscatory maxing out at 47%. The good news is that, for most people, it is relatively easy to plan around these impositions. Sometimes the answer can be as simple as changing the ownership of your life insurance polices. Larger estates may need more sophisticated plans.