2009 Estate Planning Guide
taxes
Annual estate-planning limits

Keep this chart handy for the annual estate-planning limits for 2009 and 2010. Read more about the federal estate tax here. Learn if your state has an additional estate tax with this map.

2010 estate and gift tax limits
Annual gift tax exclusion:$13,000
Lifetime gift tax exclusion:$1 million
Federal estate tax exclusion:Repealed
Generation skipping:Repealed
Maximum gift and estate tax rate:Gift tax only, equal to top individual income tax rate
2009 estate and gift tax limits
Annual gift tax exclusion:$13,000
Lifetime gift tax exclusion:$1 million
Federal estate tax exclusion:$3.5 million
Generation skipping:$3.5 million
Maximum gift and estate tax rate:45 percent

Note: Unless Congress takes action, the federal estate tax and generation skipping tax rates are scheduled to fall to zero percent in 2010, and in 2011 to revert to a top rate of 55 percent. The applicable exclusion amount will revert to $1 million from $3.5 million.

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