1 In tax years beginning in 2013 and later, a 3.8 percent Net Investment Income Tax (NIIT) applies to individuals, estates and trusts that have net investment income above applicable threshold amounts. (funds.eatonvance.com)
Probate is required for any property that passes by will or by intestacy when total probate assets exceed the applicable threshold amount. (personalfinanceinsider.com)
Probate is not required at all if the value of the probate estate is less than the applicable threshold. (personalfinanceinsider.com)