|
Spouse 1 (S1)
|
Spouse 1 (S2)
|
Example 4:
Each Spouse's Estate
|
$675,000
|
$675,000
|
Bypass: Wis. Exclusion
|
(675,000)
|
675,000
|
Bypass: Fed. Exclusion
|
Not Used
|
|
FET on S1's Death in 2002
|
0
|
|
WET on S1's Death in 2002
|
0
|
|
FET on S2's Death in 2002
|
|
0
|
WET on S2's Death in 2002
|
|
0
|
|
|
|
Example
5a: Each Spouse's Estate
|
1,000,000
|
500,000
|
Bypass: Wis. Exclusion
|
(675,000)
|
825,000
|
Bypass: Fed. Exclusion
|
Not Used
|
|
FET on S1's Death in 2002
|
0
|
|
WET on S1's Death in 2002
|
0
|
|
FET on S2's Death in 2002
|
|
0
|
WET on S2's Death in 2002
|
|
24,000
|
|
|
|
Example
5b: Each Spouse's Estate
|
1,000,000
|
500,000
|
Bypass: Wis. Exclusion
|
Not Used
|
|
Bypass: Fed. Exclusion
|
(1,000,000)
|
500,000
|
FET on S1's Death in 2002
|
0
|
|
WET on S1's Death in 2002
|
33,200
|
|
FET on S2's Death in 2002
|
|
0
|
WET on S2's Death in 2002
|
|
0
|
|
|
|
Example
6a: Each Spouse's Estate
|
1,000,000
|
1,000,000
|
Bypass: Wis. Exclusion
|
(675,000)
|
1,325,000
|
Bypass: Fed. Exclusion
|
Not Used
|
|
FET on S1's Death in 2002
|
0
|
|
WET on S1's Death in 2002
|
0
|
|
FET on S2's Death in 2002
|
|
85,150
|
WET on S2's Death in 2002
|
|
53,200
|
Total Estate Taxes in 2002
|
|
138,350
|
|
|
|
Example
6b: Each Spouse's Estate
|
1,000,000
|
1,000,000
|
Bypass: Wis. Exclusion
|
Not Used
|
|
Bypass: Fed. Exclusion
|
(1,000,000)
|
1,000,000
|
FET on S1's Death in 2002
|
0
|
|
WET on S1's Death in 2002
|
33,200
|
|
FET on S2's Death in 2002
|
|
0
|
WET on S2's Death in 2002
|
|
33,200
|
Total Estate Taxes
|
|
66,400
|
|
|
|
Example
7a: Each Spouse's Estate
|
2,000,000
|
2,000,000
|
Bypass: Wis. Exclusion
|
(675,000)
|
3,325,000
|
Bypass: Fed. Exclusion
|
Not Used
|
|
FET on S1's Death in 2002
|
0
|
|
WET on S1's Death in 2002
|
0
|
|
FET on S2's Death in 2002
|
|
933,200
|
WET on S2's Death in 2002
|
|
159,300
|
Total Estate Taxes in 2002
|
|
1,092,500
|
|
|
|
Example
7b: Each Spouse's Estate
|
2,000,000
|
2,000,000
|
Bypass: Wis. Exclusion
|
Not Used
|
|
Bypass: Fed. Exclusion
|
(1,000,000)
|
3,000,000
|
FET on S1's Death in 2002
|
0
|
|
WET on S1's Death in 2002
|
33,200
|
|
FET on S2's Death in 2002
|
|
793,500
|
WET on S2's Death in 2002
|
|
136,500
|
Total Estate Taxes in 2002
|
|
930,000
|