Estate Taxes  
Taxes are an important consideration in distributing your estate because the money your estate pays in taxes will not be available to your heirs. Each estate is allowed a federal estate tax exemption — an amount that can pass transfer-tax-free, either through lifetime gifts or at death. The 2010 Tax Relief Act reinstated the federal estate tax. In 2012, only estates valued at more than $5.12 million (or $10.24 million for some married couples) may be subject to the federal estate tax. If upon your death the total value of your estate is less than the applicable exemption amount, no federal estate taxes will be due.

You can use this calculator to estimate the taxable value of your estate and the approximate amount of federal estate taxes that could be owed.
     

Gross Value of Estate (Included in the gross estate are items such as real estate, stocks and bonds, insurance on the decendent's life, annuities, and miscellaneous property.)

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Allowable debts, expenses, deductions (Allowable debts are only valid debts owed by the decedent at the time of death. Allowable expenses may include funeral costs and expenses incurred in administering certain property. You may be able to deduct charitable bequests and certain losses that occur during the settlement of the estate.)

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Dorval & Chorne Financial Advisors
11242 86th Avenue N • Maple Grove, MN • 55369
Phone: 612.436.3714 • Fax: 612.313.7561
• EKvenild@dorvalchorne.com

Securities and advisory services offered through Financial Network Investment Corporation, member FINRA, SIPC.

Dorval and Chorne Financial Advisors is not affiliated with Financial Network  or AdvisorNet Financial. 

Securities and investment advisory services are offered through Financial Network Investment Corporation, Member SIPC. 

Employer Advisory services offered through AdvisorNet Financial, a Registered Investment Adviser. 

Insurance products and services offered through Daniel Dorval and John Chorne, licensed insurance agents in Minnesota, Wisconsin, Colorado, and North Dakota.


The information on this website is intended for use only by residents of the states listed below. Securities related services may not be provided to individuals residing in any state not listed. 

We are registered to sell Securities in the following states:
Arizona, California, Colorado, Florida,  Minnesota, Nevada, North Dakota, Ohio, Oregon, South Dakota, Utah, Washington, Wisconsin.

The registered representative(s) and/or investment adviser representative(s) listed on this website are licensed and registered in the following states:

We are licensed to sell Insurance Products in MN,ND,WI.

We are registered to sell Securities in MN,ND,NV,OH,OR,WA,WI.

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