Pat is an unmarried woman with an estate of $2 million. If her estate grows at 7% for the next ten years it will appreciate to $3.9 million. If Pat dies in 2016, under current law her estate tax would be subject to $1.18 million in federal estate taxes leaving only $2.7 million for her loved ones.
A Concentrix Wealth Advisor would suggest an annual gifting program giving $24,000 annually to her two sons – reducing $332,000 from her taxable estate.
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