At this time, unless Congress acts, the current lifetime estate tax exemption amount of $11,580,000 is set to sunset in 2025, which means that in 2026 it will revert to $5,000,000 per person, adjusted for inflation. Many...more
8/12/2020
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Estate Planning ,
Estate-Tax Exemption ,
Financial Planning ,
Gifts ,
Insurance Industry ,
Interest Rates ,
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Irrevocable Life Insurance Trusts ,
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Tax Planning ,
Wealth Management
Down markets are a prime opportunity for tax planning for high net worth families. In the few years following the 2008 recession, wealthy families took advantage of gifting options to transfer wealth and reduce taxes. Once...more