Both the Federal and State estate and gift tax laws have been amended in the last few years. Presently, there are no Federal Estate taxes due when an individual dies with less than 1.5 million dollars (Two million in 2006).  However, Maine  “decoupled” itself from the federal government requiring a state estate tax if an individual dies with more than 950 thousand (One million in 2006).

Married couples, with proper planning have greatly expanded opportunities. In addition, there are a multitude of planning strategies available to avoid paying either a Federal or Maine Estate Tax.  Schedule an appointment today to meet with our experienced planners to discuss your planning options and avoid unnecessary payment of tax.

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Federal & State Estate And Gift Tax Planning