All States

2011 UPDATE
No Estate Tax Unless Taxable Estate Exceeds Five Million Dollars.
The Annual Gift Tax Exclusion is $13,000 (26 U.S.C. 2503(b)) per person per year. If you make a gift that exceeds $13,000, you will need to file a gift tax return, however, no gift tax needs to be paid unless you die with a Taxable Estate that exceeds the federal Estate Tax Exclusion Amount. In December 2010, that value was adjusted by Congress to five million dollars.

Five Million Dollar Limit To Step-Up In Basis
Up to 2009, there was no limit to the amount a beneficiary can take as a step-up in basis (26 U.S.C. 1022(b)). But in 2010 a five million dollar cap was set in place. The new law could result in a Capital Gains Taxes that the beneficiary must pay. This is of concern only for the beneficiaries of an Estate that exceeds $5,000,000.

2011 EDITIONS
Guardian Angel Guardian Devil
A Will Is Not Enough
Guiding Those Left Behind

The 2011 editions for the above books are now available in e-book edition on the Barnes & Noble Web site.