The federal gift, estate and generation-skipping transfer (GST) tax exemptions for 2024 are historically high and present significant tax-free gifting opportunities next year.The gift and estate tax exemptions will increase...more
• Each individual’s exemptions from federal estate, gift and GST taxes have roughly doubled to approximately $11,200,000
• The increased exemptions are available only temporarily, through 2025
• We recommend that you...more
2/14/2018
/ Estate Planning ,
Estate Tax ,
Federal Taxes ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
State Taxes ,
Tax Cuts and Jobs Act ,
Tax Exemptions ,
Tax Reform ,
Trump Administration
On August 2, 2016, the Internal Revenue Service and the Treasury Department issued proposed regulations intended to substantially limit the use of discounts in valuing intra-family transfers of interests in family-controlled...more
Interest rates applicable to grantor retained annuity trusts (GRATs) and other estate planning techniques are expected to increase significantly in August as a result of the recent headline-grabbing volatility in the bond...more