PROBATE, ESTATE PLANNING AND GUARDIANSHIPestate planning
The 2017 federal exemption against estate and gift taxes is $5,490,000 per person. The current federal estate tax rate 40% for estates which exceed the exemption amount. The federal gift tax annual exclusion remains $14,000 per person per donor. The federal generation-skipping transfer tax exemption was also increased to $5,490,000 per person. The State of Arizona has no inheritance tax and eliminated its estate tax in 2006.