Estate Taxes  
Taxes are an important consideration in distributing your estate because the money your estate pays in taxes will not be available to your heirs. Each estate is allowed a federal estate tax exemption — an amount that can pass transfer-tax-free, either through lifetime gifts or at death. The 2010 Tax Relief Act reinstated the federal estate tax. Through 2012 only estates valued at more than $5 million (or $10 million for some married couples) may be subject to the federal estate tax. If upon your death the total value of your estate is less than the applicable exemption amount, no federal estate taxes will be due.

You can use this calculator to estimate the taxable value of your estate and the approximate amount of federal estate taxes that could be owed.
     

Gross Value of Estate (Included in the gross estate are items such as real estate, stocks and bonds, insurance on the decendent's life, annuities, and miscellaneous property.)

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Allowable debts, expenses, deductions (Allowable debts are only valid debts owed by the decedent at the time of death. Allowable expenses may include funeral costs and expenses incurred in administering certain property. You may be able to deduct charitable bequests and certain losses that occur during the settlement of the estate.)

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Solid Rock Financial
1165 Phenix Ave • Cranston, RI • 02921
Phone: (401) 884-4644 • Fax: (401) 826-1565
• richard@srfwm.com

Richard J. Russillo, Jr.,CFP®, ChFC, CLU 
Retirement Planning Specialist,
SRF Wealth Management
Tel (401) 884-4644 * (888) 463-7770
Fax (401) 886-9317
Richard.Russillo@ssnrep.com

Securities offered through Securities Service Network, Inc., Member FINRA/SIPC.
Fee based advisory services offered through SSN Advisory Inc., A Registered Investment Adviser. Richard Russillo is licensed to transact insurance business in the following states: CA, CT, FL, MA, MO, ND, NY, RI, UT; and is registered to offer securities in the following states: CA, CT, FL, MA, MO, NC, ND, NV, NY, OK, RI, UT, WY ; and authorized to offer investment advisory services in: RI;. The information in this web site is not investment or securities advice and does not constitute an offer.


CA Ins. Lic. #OF59089


"Retirement Planning Specialist" title was awarded by AXA Advisors, LLC after completion of a retirement training program at the Wharton School, University of Pennsylvania