$5,250,000: the 2013 inflation adjusted gift/estate/GST exemption$5,250,000: the 2013 inflation adjusted gift/estate/GST exemption

The IRS announced yesterday in Rev. Proc. 2013-15 (see page 11, item 13), that the 2013 inflation-adjusted exemption equivalent of the unified credit is $5,250,000.  In other words, for an estate of any decedent dying during calendar year 2013, the basic exclusion amount is $5,250,000 for determining the amount of the unified credit against estate tax under Internal Revenue Code §2010.  This amount is up $130,000 from 2012 when the total exemption equivalent was $5,120,000.

David M. Grant