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Frequently Asked Questions

Does every estate have to pay an estate tax?

The vast majority of estates - 99.9% - do not pay federal estate taxes. While the top estate tax rate is 40%, the average tax rate paid is just 17%. The estate tax is only paid on assets greater than $5.3 million per individual ($10.6 million per couple). Even billionaires pay nothing on the first $5.3 million left to their heirs.

Who pays the estate tax?

For estates larger than the current federally exempted amount, any estate tax due is paid by the executor , other person responsible for administering the estate, or the person in possession of the decedent's property. That person is also responsible for filing a Form 706 return with the Internal Revenue Service (IRS).


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