After what amount would you need to pay estate taxes if someone died in 2006?
Parents died 2004 and 2006 - left estate to only child, totalling a little over 1M. Approximately how much estate tax would the heir owe?
Public Comments
- Married or single? Testate or intestate? Marital deduction trust or no?
- The federal estate tax exclusion for 2006 is $2,000,000.
- At one million, zero.
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