Taxable estate
Definition: [crh] That portion of a deceased person's estate that is subject to transfer tax.
Taxable estate
That portion of a deceased person's estate that is subject to transfer tax.
Taxable event ...
Taxable Estate (business term)
Unlimited Marital Deduction (insurance term)
Adjusted Gross Estate (in banking) ...
Taxable Estate
The total value of a deceased person's assets that are subject to taxation - minus liabilities and minus the prescribed tax-deductible portion of assets left behind by the deceased.
Your estate owes federal estate tax on the value of your taxable estate if the estate is larger than the amount you are permitted to leave to your heirs tax free.
This results in the taxable estate. Adjustable taxable gifts are then added to the taxable estate, resulting in the computational tax base.
Of course, you can also reduce the value of your taxable estate with a gift or two.
If the amount that's left is larger than the amount you can leave to your heirs tax free, you have a taxable estate, and federal estate taxes may be due.
Once you have accounted for the Gross Estate, certain deductions (and in special circumstances, reductions to value) are allowed in arriving at your "Taxable Estate.
Tax on the value of a DECENDENT'S taxable estate, typically defined as the decedent's ASSETS less LIABILITIES and certain expenses which may include funeral and administrative expenses.
ESTATE TAX - Your estate owes federal estate tax on the value of your taxable estate (your gross estate...
ESTATE TAXES - Federal estate taxes and state inheritance taxes (as well as the debts of decedents) are...
However, you can postpone actually paying the tax until the total combined value of all of your lifetime taxable gifts (or the value of your taxable gifts plus your taxable estate) reaches the tax-free limit set by the Federal Unified Gift and Estate ...
5 million dollars worth of assets will be excluded from your taxable estate. The next $2 million will be taxed at a rate of 45 percent; the remaining $6.5 million will be taxed at 48 percent.
Estate tax. The federal tax that applies -- beginning at a 37% rate -- when a decedent's taxable estate exceeds $1,000,000. It will rise gradually until it reaches $3.5 million in 2009.
If you have significant assets in states where the probate process can be both costly and time consuming, consider a revocable living trust. Even with the uncertainty surrounding the estate tax, spouses with taxable estates should consider a credit ...
Generally, the assets and liabilities of a person, particularly a deceased person. For estate tax purposes, interests in real or personal property that a person owns or controls at death (the gross taxable estate).
The return from a higher-paying but taxable investment that would equal the return from a tax-free investment. This depends on the investor's tax bracket.
Taxable estate ...
passes directly to the beneficiaries on the death of the grantor. The assets pass to the beneficiaries without going through probate. While not part of probate, since the trust is revocable, the assets are part of the decedent's taxable estate.
 See also: Expense, Saving, Values, Tax deduction, Bills
  
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