Am I at Risk for Estate Taxes?

Yes

In 2017, the IRS has set the individual estate and gift tax exemption at $5.49 million. If you’re married, you and your spouse can leave up to $11 million to your heirs without qualifying for the estate tax. If your net worth is greater than $11 million, or if your net worth is on the rise and may cross the threshold before you pass away, you’ll need to work with the attorney to shield your assets from the estate tax. The most common way to do that is with a revocable trust, but the attorney will help you assess what strategy is best for you.