Percentage of Net Worth

[kailes2872]

Originally Posted by BLongley

It's $5.6mm per person, $11.2mm per couple for 2018.

Thanks! This just made my day as I did not realize this changed!

[ashes13]

Actually the estate tax exemption is much higher now. $11.18 million per person or almost $22.4 million for a married couple so unless you and your wife have over $22.4 million of assets no federal estate taxes.

this will last until the year 2025 where it could sunset or be extended depending on congress

this from a forbes article

The tax bill, passed by the House and Senate yesterday, temporarily doubles the exemption amount for estate, gift and generation-skipping taxes from the $5 million base, set in 2011, to a new $10 million base, good for tax years 2018 through 2025. The exemption is indexed for inflation, so it looks like an individual can shelter $11.2 million in assets from these taxes. Another federal estate law provision called portability lets couples who do proper planning double that exemption. So, a couple could exclude $22.4 million for 2018. Watch out: The law’s sunset means that, absent further Congressional action, the exemption amount would revert to the $5 million base, indexed.