Your Wealth
You Have Worked Diligently To Build Your Wealth
We serve millionaire and hecto-millionaires in preserving their wealth. We will design a plan that will help you preserve what matters most – your values and legacy. Whether that entails retaining wealth within the family, business or donating to charity – or a combination.
Custom Wealth Preservation Plans
Your Situation is Unique
Asset Rich and Cash Poor?
For many of our clients, their wealth is not liquid – it is contained within a business, land ownership, etc. Without wealth preservation planning, at death businesses or land may have to be sold to pay the federal estate tax. And if the business or land is fortunate enough to be saved, investments may have to be liquidated. This may come at great detriment to the family and the business – and ultimately the family legacy.
Charitable Gift Giving
Your Wealth Has Impact Beyond the Dollars
Planned Giving or Gift Planning
Gift Planning not only has the potential to support a nonprofit fulfill their charitable mission, but may support your financial and philanthropic goals as well. Both living benefits and for your legacy.
Ask us about:
- Life Insurance Beneficiaries
- IRA Beneficiaries
- Charitable Remainder Trusts
- Charitable Gift Annuities
- Charitable Lead Trusts
- Donor Advised Funds
- Private Foundations
Current Estate Tax Rates
The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death
Current tax rate
The federal estate tax generally applies when a person’s assets exceed the exemption at the time of death. The estate and gift tax exemption is $12.92 million per individual*, up from $11.4 million in 2019. That means an individual can leave $12.06 million to heirs and pay no federal estate or gift tax, while a married couple will be able to shield $24.12 million. The annual gift tax exclusion amount increased from $16,000 (2022) to $17,000 in 2023.
Additional information can be found on the
2023 Tax Reference Guide.
U.S. Estate and Gift Tax Exemptions and Tax Rates
| Year | Lifetime Exemption | Tax Rates |
| 2001 | $675,000 | 55% |
| 2002 | $1 million | 50% |
| 2003 | $1 million | 49% |
| 2004 | $1.5 million | 48% |
| 2005 | $1.5 million | 47% |
| 2006 | $2 million | 46% |
| 2007 | $2 million | 45% |
| 2008 | $2 million | 45% |
| 2009 | $3.5 million | 45% |
| 2010 | Repealed | 0% |
| 2011 | $5 million | 35% |
| 2012 | $5.12 million | 35% |
| 2013 | $5.25 million | 40% |
| 2014 | $5.34 million | 40% |
| 2015 | $5.43 million | 40% |
| 2016 | $5.45 million | 40% |
| 2017 | $5.49 million | 40% |
| 2018 | $11.18 million | 40% |
| 2019 | $11.4 million | 40% |
| 2020 | $11.58 million | 40% |
| 2021 | $11.7 million | 40% |
| 2022 | $12.06 million | 40% |
| 2023 | $12.92 million | 40% |
State Inheritance Taxes
In addition to the federal estate tax, some states levy an additional estate or inheritance tax.
| State | Estate tax | Exemption |
|---|---|---|
Article by
Richard Hartmann:
Why Billionaires Acquire Life Insurance
You are financially astute. You forge your own path. You are like an eagle – soaring individually, rather than flocking. And you have significant liquid assets.
why consider wealth preservation planning?
Disclosures
Securities Offered Through M Holdings Securities, Inc. A Registered Broker/Dealer, Member FINRA/SIPC. Auctoris is independently owned and operated. Auctoris is a member of M Financial Group. Please go to mfin.com/DisclosureStatement.htm for further details regarding this relationship.
Check the background of this firm and/or investment professional on FINRA’s BrokerCheck
For important information related to M Securities, refer to the M Securities’ Client Relationship Summary (Form CRS) by navigating to mfin.com/m-securities.
Registered Representatives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States. CA Insurance License #0B71087
This site is for information purposes and should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney, financial or tax advisor or plan provider.
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