Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
Applicable Exclusion Amount
The amount that a person can leave to any person or entity without paying federal estate tax. In addition, any property left to a qualifying charity or a spouse who is a U.S. citizen passes free of estate tax. (See also: marital deduction)
LA-NOLO2:LEADS1.0.0.1.20150303.30828