WHAT IS THE ESTATE TAX MARITAL DEDUCTION?

Taxes on Asset Transfers

Large asset transfers are subject to taxation

We have a federal estate tax, and we also have a federal gift

tax

Unification of Gift and Estate Taxes

The gift tax is in place to stop people from giving gifts while

they are alive to avoid the estate tax

The gift tax and the estate tax are unified

The unified credit or exclusion is $5.34 million in 2014

Are You Exposed?

The $5.34 million exclusion is a dividing line of sorts

If you do not transfer assets exceeding this amount, you will

not be exposed to transfer taxes

Transfers in excess of $5.34 million are potentially taxable

Transfers to Close Relatives

Asset transfers to close relatives, even your children, are taxable if they exceed the

amount of the exclusion

There is however one exception

Unlimited Marital Deduction

There is an unlimited marital gift and estate tax deduction

You can transfer assets to your spouse free of transfer

taxes, regardless of the amount of the transfers

American Citizenship

The unlimited marital deduction is only available to spouses who are citizens of the United States

If you are married to a citizen of another country, you may

want to use a qualified domestic trust as an alternative

Planning Is Still Required

Utilization of the unlimited marital deduction is not a

comprehensive estate planning solution

If you leave everything to your spouse, he or she would still be faced with the looming specter

of the death tax

Estate Planning for High Net Worth Individuals

To Learn More About the Estate Tax and If You Are Exposed,

Request a FREE Report Entitled,“Keeping Up with the Ever

Changing Estate Tax”(A $19.95 Value!)

CLICK HEREOR Call

405-843-6100 (Oklahoma City) or913-385-9400 (Kansas City) Today

13913 Quail Pointe Drive, Ste BOklahoma City, OK 73134

Phone: (405) 843-6100

10740 Nall Avenue, Suite 160Overland Park, KS 66211Phone: (913) 385-9400