This “Who Pays the Tax?” article is provided as a service to people interested in Estate Planning and tax matters in Littleton, Colorado. Tagged as: Estate Planning Attorney, Estate Planning & Probate, Estate and Trust Administration, Littleton, Colorado, Estate Planning Administrati...
The Unified Credit against the Estate Tax for a descendant dying in 2012, has been increased from $5,000,000 to $5,120,000. This is an inflation adjustment. The annual exclusion for gifts remains at $13,000 to any person. Unless Congress takes action before December 31, 2012, the Unified Credit now ...