Sentences with phrase «estate tax exemption amount then»

If your estate receives the benefit of the life insurance and your estate exceeds the federal estate tax exemption amount then the estate can be taxed.

If your estate receives the benefit of the life insurance and your estate exceeds the federal estate tax exemption amount then the estate can be taxed.

Not exact matches

The marital deduction law allows married couples to transfer an unlimited amount to their spouse without an estate tax hit; however, upon the death of a spouse, the surviving spouse does not get this privilege (unless they remarry) and if his / her estate exceeds the federal and state estate tax exemption then it will be taxed upon their death.

However, if the death benefit is included in her estate, and the value of the estate exceeds state or federal estate tax exemption amounts, then it could be taxed.