Free estate tax calculator from Fynvorax. Estimate federal estate tax exposure and compare planning approaches for high-net-worth estates.
Transferring legacy wealth across generations faces stiff friction from central federal death taxes. In the US, assets exceeding the unified lifetime exemption tax bracket are taxed up to 40% margin. By implementing protective legal entities such as Irrevocable Life Insurance Trusts (ILITs), Grantor Retained Annuity Trusts (GRATs), or Family Limited Partnerships (FLPs), affluent families can claim substantial valuation discounts directly under corporate shelter provisions. This planner quantifies potential loss and charts advantages of early legal drafting.
An Irrevocable Trust is a distinct legal entity where you relinquish ownership of assets placed inside it. Because the grantor does not technically own the assets at death, they bypass probate court and estate taxes entirely.