Take Steps to Reduce or Eliminate Estate, Gift, & Capital Gain Taxes

Limiting Estate, Gift, & Capital Gain Taxes upon your death, how would you like your financial assets divided?                                           

___% to IRS                                                                             

___% to heirs of your choosing                                         

___% to charities 

For example, in 2019, federal law gives each person dying in 2019 a $5,700,000 exemption from estate taxes, $11,400,000 per married couple.  The net fair market value of all assets in the estate in excess of the exempt amount may be taxed at 40%.  The federal estate tax is due nine months after the date of death.   

Depending on the value of your estate, upon your death, it could be divided like this:                                          

25 - 30%  to IRS                                                                              

70 - 75%  to heirs of your choosing                                            

00%         to charities 

How much of your estate would you like to have exempt from federal estate taxes*?  

Most estate owners, with proper guidance, can mitigate, and sometimes even eliminate, the federal estate tax.  

How would you like your estate taxed and distributed?  

If you don't really like the IRS default plan, contact Kimball R. Doxey at Oxford Financial Group 800-765-6383.

This material is intended to provide general financial education and is not written or intended as tax or legal advice and may not be relied upon for purposes of avoiding any Federal tax penalties.  Individuals are encouraged to seek advice from their own tax or legal counsel.  Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel.  This material is for informational purposes only and is not an offer to sell or a solicitation to buy any securities.