Federal Estate Tax Calculation
Are IRAs and life insurance policies included in estate calculations?
Gainesville elder and special needs attorney explains tax calculations. What is included in your homestead? Are IRAs and life insurance policies included?
Elder Law Attorneys in Gainesville
Do you have questions about estate planning? Do you need assistance with planning your will or estate? Our attorneys at the Miller Elder Law Firm can help. Call us today.
“In your federal estate tax million dollar amount, that would include IRAs. A lot of people think IRA’s are excluded. They’re not. Life insurance is included in that million dollars and your homestead property. Those three things are myths that people have. They believe that those would not be included in your federal estate tax calculation, but they are.”