What is the current estate tax exemption?

The current estate tax exemption is 3.5MM per individual. So that is 7MM per family. If you are over this amount in net worth either now or in the future you need to do some estate tax mitigation.

Many people do not realize that if their assets continue to appreciate at even a modest rate such as 7% that means a doubling of their net worth every 10 years.

So if you have a current net worth of 5MM at age 60 that would mean that at age 80 you would have a 5MM net worth.

Therefore you have an estate tax problem even in the unlikely event that the exemption remains at 7MM per couple.

One of the best ways to obtain the critical liquidity that your heirs will need at the time of your passing is through life insurance. Many times the guaranteed rates of return with a life insurance policy can be very favorable if the insured is in good health especially if subject to the estate tax.

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