Episode #21
Estate Planning
01.21.2025
The realm of estate planning is poised for a pivotal transformation as the calendar inches closer to January 1, 2026. This date marks the scheduled sunset of the historically elevated federal estate, gift, and generation-skipping transfer (GST) tax exemptions, instituted by the Tax Cuts and Jobs Act of 2017. Unless Congress intervenes with legislative action, these exemptions are slated to revert to their pre-2018 levels, adjusted for inflation. This impending shift underscores the urgency for high-net-worth individuals to strategically leverage the current exemption limits before the window of opportunity closes.
