Are changes coming for the gift and estate tax exemption?
Abstract: Under current estate tax law, taxpayers benefit from the most generous gift and estate tax regime in history. But the good times won’t last forever, or at least they’re not designed to. The increase in the exemption amount brought by the Tax Cuts and Jobs Act is scheduled to “sunset” after 2025, so changes could be coming soon. This article explores the evolution of estate tax law and provides gifting strategies.