Filed Under:Life Insurance, Life Planning Strategies

LIMRA: More than 1 in 8 U.S. households may owe estate tax in 2013

Photo credit: Renjith Krishnan
Photo credit: Renjith Krishnan

Should the current estate tax law expire at year-end without Congressional action, nearly 15 million U.S. households will have a potential estate tax liability, according to new research.

LIMRA disclosed this finding in a summary of results from a new report that analyzes data from the Federal Reserve Board’s Survey of Consumer Finances to identify vulnerable U.S. households if the current estate tax law expires. According to LIMRA’s analysis, only 4.4 percent of households have financial assets greater than $1 million. 

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Nichole Morford

Nichole Morford
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