estate tax exemption

January 2025 Estate Planning Update

Estate Planning Update January 2025 2024 Annual Gift Tax Exclusion: increased to $19,000 per donor, per donee. 2024 Gift and Estate Tax Exemption: increased to $13,990,000 per donor through 2025 (an increase of $380,000). See paragraph 6 below. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2024 Generation Skipping Tax Exemption: increased to $13,990,000 [...]

July 2024 Estate Planning Update

Estate Planning Update July 2024 2024 Annual Gift Tax Exclusion: increased to $18,000 per donor, per donee. 2024 Gift and Estate Tax Exemption: increased to $13,610,000 per donor through 2025 (an increase of $690,000). See paragraph 6 below. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2024 Generation Skipping Tax Exemption: increased to $13,610,000 [...]

July 2023 Estate Planning Update

Estate Planning Update July 2023 2023 Annual Gift Tax Exclusion: increased to $17,000 per donor, per donee. 2023 Gift and Estate Tax Exemption: increased to $12,920,000 per donor through 2025, see #6, an increase of $860,000. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2023 Generation Skipping Tax Exclusion: increased to $12,920,000 per donor [...]

By |2023-07-25T10:27:39-07:00July 22nd, 2023|Past Newsletters, Annual Estate Plan Updates, Recent Projects, Federal Estate Tax, Estate Planning, Probate and Trust Administration|Comments Off on July 2023 Estate Planning Update

January 2023 Estate Planning Update

Estate Planning Update January 2023 2023 Annual Gift Tax Exclusion: increased to $17,000 per donor, per donee. 2023 Gift and Estate Tax Exemption: increased to $12,920,000 per donor through 2025, see #6, an increase of $860,000. Marital Deduction for Transfers to U.S. Spouse: remains unlimited. 2023 Generation Skipping Tax Exclusion: increased to $12,920,000 per donor [...]

By |2023-01-23T15:18:00-07:00January 20th, 2023|Past Newsletters, Annual Estate Plan Updates, Recent Projects, Estate Planning|Comments Off on January 2023 Estate Planning Update

Top 7 Tips for Estate Planning

Here are our Top 7 Tips for Estate Planning this year: Review K-1s and 1099s. These documents should show your trust or you as trustee or its abbreviation “TR.”  If not, the asset is most likely title in your individual name and should be transferred to the trust.  This is especially true if the asset [...]

By |2025-04-28T14:01:06-07:00January 25th, 2021|Past Newsletters, Federal Estate Tax, Probate and Trust Administration, Estate Planning, Protecting Family Wealth|Comments Off on Top 7 Tips for Estate Planning
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