With current federal lifetime gift and estate tax exemption amounts scheduled to sunset at the end of 2025, spousal lifetime access trusts can be an important wealth transfer tool. Here’s how to determine if the strategy is right for you. ...
6. The estate tax exemption threshold more than doubled The TCJA increased the threshold for the federalestate taxfrom $5.49 million per individual in 2017 to $11.18 million per individual in 2018 (with the threshold continuing to rise annually in subsequent years with inflation). This dramatic ...