Legacy & Wealth Transfer

Estate Planning Calculator

Project your taxable estate, estimate federal estate tax exposure, and see how much your heirs will ultimately inherit — year by year.

Net to Heirs
—After tax & costs

Est. Federal Estate Tax

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At projected age

Settlement Costs

—

Attorney, executor & fees

Gross Estate at Projection

—

Grown at annual rate

Assumptions

Timeline

Current Age 60

Project Until Age 85

Estate Values

Gross Estate Value $2,500,000

Outstanding Liabilities $200,000

Non-Probate Assets $500,000

Charitable Bequests $0

Tax & Costs

Federal Exemption $13,990,000

Estate Tax Rate (%) 40%

Settlement Costs (%) 3%

Growth Assumptions

Annual Estate Growth (%) 4%

Exemption Growth (%) 0%

Estate Composition Over Time

Gross estate growth compared to tax exposure and net inheritance.

Annual Estate Projection

Year (Age)	Gross Estate	Taxable Estate	Fed. Estate Tax	Settlement Costs	Net to Heirs

How This Works

Federal Estate Tax

The federal estate tax applies only to the portion of your taxable estate that exceeds the exemption amount (currently $13.99M per individual in 2025). Amounts above the exemption are taxed at a flat 40%. Proper planning can significantly reduce or eliminate this exposure.

Non-Probate & Deductions

Assets such as life insurance with named beneficiaries, IRAs, 401(k)s, and jointly held property typically transfer outside probate. Charitable bequests and outstanding liabilities reduce your taxable estate directly, lowering potential tax liability.

Estate Planning Strategies

Irrevocable trusts, annual gifting ($18,000/person in 2024), charitable remainder trusts, and properly structured life insurance (ILIT) are all tools Evans Legacy Financial uses to protect your legacy and maximize what passes to your heirs.