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Estate Planning


2011 2012
Annual gift exclusion: $13,000 $13,000
Estate tax applicable exclusion amount: $5,000,000 + DSUEA1 $5,120,000 + DSUEA1
Gift tax applicable exclusion amount:
Noncitizen spouse annual gift exclusion: $136,000 $139,000
Generation-skipping transfer (GST) tax exemption: $5,000,0002 $5,120,0002
Special use valuation limit (qualified real property in decedent’s gross estate): $1,020,000 $1,040,000

1 Basic exclusion amount plus deceased spousal unused exclusion amount (exclusion is portable for 2011 and 2012)

2 The GST tax exemption is not portable

2011 through 2012 gift and estate tax rate schedule

Taxable Estate Tentative Tax Equals Plus Of Amount Over
0 – $10,000 $0 18% $0
$10,000 – $20,000 $1,800 20% $10,000
$20,000 – $40,000 $3,800 22% $20,000
$40,000 – $60,000 $8,200 24% $40,000
$60,000 – $80,000 $13,000 26% $60,000
$80,000 – $100,000 $18,200 28% $80,000
$100,000 – $150,000 $23,800 30% $100,000
$150,000 – $250,000 $38,800 32% $150,000
$250,000 – $500,000 $70,800 34% $250,000
$500,000+ $155,800 35% $500,000
Credit shelter amount $5,000,000 in 2011, $5,120,000 in 2012 Credit amount $1,730,800 in 2011, $1,772,800 in 2012

Under the sunset provision of The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the gift and estate and GST tax exemptions referenced above will revert to $1 million in 2013, and the maximum tax rate will revert to 55%.


This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2012.