Anticipating or calculating your eventual estate tax liability is one of the most important financial planning steps one can take – especially if you currently have, or are anticipating having a large estate (values that exceed unified exemption thresholds).

The Tax Payer Relief Act 1997 eventually raises the limit to $1,000,000 per person by the year 2207, but do you realize how slowly that happens? And do you realize how many people will be "estate millionaires" in 10, 20 or 30 years? It will be a middle class phenomenon, especially when inheritances from the "Eisenhower" generation kick in.

Remember, everything you own directly or through a Living Trust, this includes any IRA holdings, property, any insurance policies, stocks, bonds, cars, collectibles, etc., WILL all be includable in your taxable estate and subject to as a high as a 55% levy.

One of the best solutions to offset this eventual confiscation of your wealth is to establish and Irrevocable, Tax Free Inheritance Trust (aka ‘wealth trust’) prior to your death. This trust should be funded with a first or second-to-die (survivorship) life insurance policy.

You can review more about this estate-saving technique by CLICKING HERE.

Use the Estate Calculator below to see how fast your estate will potentially grow and the resulting estate tax liability.