What is an Estate Size and Tax Worksheet for Married Couples?
Avoid any surprises down the road with our Estate Planning Calculator and Worksheet. When you got married you likely increased your assets, which is great news, but the downside could be higher estate taxes - not to mention a larger estate to work through. Or maybe you and your spouse are financially savvy and are planning some serious financial growth in the future. Make sure you know exactly what that means from a tax perspective. Figuring out your combined net worth is likely a smart move and it can help you plan better for the future. Using an Estate Tax Calculator and Worksheet can be a great help in organizing your assets.
When to use an Estate Size Worksheet and Tax Calculator:
- You and your spouse want to determine your combined net worth.
- You and your spouse want to plan for future asset growth.
- You need to calculate your future estate taxes.
ESTATE SIZE WORKSHEET
Part One - Personal Information:
|Effective Date for this Calculation:|
Part Two - The Value of Your Estate
|Other Real Estate|
|Personal Res. Mtg.|
|Other Loans & Debts|
Part Three - Future Growth of Your Estate: The size of your estate can increase significantly, based on three factors: annual increases by you from earnings (or other sources), annual increases over a longer period of years, and an earnings growth rate that causes your investments and other assets to increase in value even if you do not add "new" savings.
|Annual Increases||Number of||Earnings|
|Current||by You from||Years for||Growth|
|Net Estate Value||Value||Your Earnings||Annual Increases||Rate|
|Joint with Spouse|
|Future Value:||Joint with|
|Net Estate Value||You||Your Spouse||Spouse|
|Value in 5 Years|
|Value in 10 Years|
Part Four - Estate Tax Calculation: