New “permanent” $15 million exemption offers a sense of stability, but also complicates traditional estate planning strategies. With fewer automatic sunsets and more political friction required for future changes, planners and families must reevaluate their assumptions and consider a more nuanced, tax-efficient approach to lifetime giving and wealth transfer.

As described in this article, 2023 marks the highest estate and gift tax exemptions to date.

Bill provisions reduce the Estate Tax Exemption from $11.7 Million down to $5 Million adjusted for inflation. effective next year.

Biden's American Families Plan did not include provisions to expand estate taxes, and instead focused on capital gains.

People are eager to look into ways to gift away assets now, taking advantage of the current gift and estate tax exemption.

There are a number of estate planning strategies that can help preserve your assets, promote the transfer of wealth, and lessen the tax...

The estate planning attorney is familiar with this gentleman’s plan to avoid the “courtroom mumbo jumbo” described in the article “Estate...

Estate planning for farmers and ranchers can involve many pitfalls for the unwary. First mistake: some farmers think they don’t have to...

There’s a time limit on the current opportunity for tax-free giving. It expires after tax year 2025 (unless Congress alters the...

As part of an overall estate planning strategy, says JD Supra in the article “Estate Planning: The Irrevocable Life Insurance Trust,” an...

More than 50% of Americans don’t have a will, according to a 2017 survey by Caring.com. A U.S. News & World Report’s article asks “Should...

The San Antonio Business Journal’s recent article, “Plan your exit even if you never plan to leave your business,” explains that many...