The upcoming election has caused many taxpayers to be concerned regarding potential changes to the estate and gift tax law. Currently, the federal gift and estate tax exemption is $11.58 million per person. This is the...more
The recent passage of the federal Tax Cuts and Jobs Act (TCJA) significantly altered federal estate tax laws effective January 1, 2018. The TCJA increased exemption amounts for federal estate, gift, and generation-skipping...more