How much will my estate taxes be?
Most estates will not require an estate tax due to the threshold. Only estates valued at more than $12.06 million will be subject to estate taxes for deaths occurring in 2022. Additionally, married couples can combine their exemptions, allowing them to leave a combined $24.12 million without worrying about estate taxes. To discuss tax implications in further detail, please schedule an appointment with us to discuss. Here at Johnson Legal, PLLC, we have always had a knack for breaking down a complex process into one that is easy to understand. Peruse the resources on our website to familiarize yourself with the subject matter. Then, contact us with any questions you may have about your estate planning needs.