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.)

$
 
   
   
The AFP Group
1330 Post Oak Blvd., Suite 1370 • Houston, TX • 77056
Phone: 713-626-9820 • Fax: 713-561-8159

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP, which it awards to individuals who successfully complete initial and ongoing certification requirements. 

Gilbert J. Baker, Ann Baker Ronn, and Karin L. Tyson are Registered Representatives.  Securities are offered solely through Ameritas Investment Corp (AIC). Member FINRA/SIPC.  AIC and The AFP Group and AFP Investment Advisory, Inc. are not affiliated.  Additional products and services may be available through The AFP Group or AFP Investment Advisory, Inc. that are not offered through AIC.

In this regard, this communication is strictly intended for individuals residing in the states of  California, Colorado, Florida, Georgia, Louisiana, Maryland, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Texas, Virginia and Washington. No offers may be made or accepted from any residents outside the specific states referenced.

Gilbert J. Baker, Ann Baker Ronn, and Karin L.Tyson are also separately registered as investment advisers under AFP Investment Advisory,Inc. a registered investment adviser, offering advisory services in the state of Texas. As such, these services are strictly intended for individuals residing in Texas.

This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction.  As with any security, request a prospectus from your registered representative. Read it carefully before you invest or send money.  A Representative from The AFP Group will contact you to provide requested information.  Representatives of AIC do not provide tax or legal advice.  Please consult your tax advisor or attorney regarding your situation. 

IMPORTANT CONSUMER INFORMATION:

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

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

© 2006, The AFP Group. All rights reserved.