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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Deferred Compensation, 401(k), Pension and Individual Investment solutions
11100 Wayzata Blvd, Suite 161 • Minnetonka, MN • 55305
Phone: 952.277.4259
Toll Free: 800.626.7095		 • Fax: 952.277.4301
• swanson.joe@principal.com

Joe Swanson is licensed in MN, WI, IA, and SD to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in CA, IA, MN, ND, NJ, NM, OH, SD, WI, and WV and adviser registered in MN.  Cindy Henry is licensed in MN, NE, OH, and WI to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in IL, MN, WI, and WV and adviser registered in MN.  Peter Hyjek is licensed in CA, GA, IA, MN, ND, NE, OH, and WI to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in CA, FL, GA, IA, IL, MN, MO, ND, NJ, OH, WA, and WI and adviser registered in MN.  Andy Tighe is licensed in MN to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in MN and WI and adviser registered in WI.

This site is not a solicitation of interest in any of these products in any other state.

IMPORTANT CONSUMER INFORMATION: Joe, Cindy, Peter, and Andy may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if he or she is excluded or exempted from the state's registration requirements.  Follow-up, individualized responses to consumers in a particular state by Joe, Cindy, Peter or Andy that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion.  For information concerning the licensure status or disciplinary history of a broker-dealer, investment adviser, BD agent or IA representative or any financial institution he or she represents, contact your state securities law administrator.

Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York), Principal Life Insurance Company, and the companies available through the Preferred Product Network, Inc.  Securities and advisory products offered through Princor Financial Services Corporation, 800/247-1737, member SIPC.  Principal National, Principal Life, the Preferred Product Network and Princor® are members of the Principal Financial Group®, Des Moines, IA 50392.  Joe Swanson, Cindy Henry, Peter Hyjek and Andy Tighe, Principal National and Principal Life Financial Representatives, Princor Registered Representatives, Financial Advisors.

Principal Life maintains certificates of authority to transact insurance in all 50 states.  Principal Life NAIC identification number is 61271.  Principal National NAIC identification number is 71161.

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