Planning Newsletter - Apr 2018
The amount you can pass without owing estate taxes essentially doubled as of January 1st thanks to the recently passed Tax Cuts and Jobs Act of 2017.
This estate tax provision will expire at the end of 2025.
Estate plans based on prior tax law should be re-evaluated to ensure your intentions match the current law.
Older estate plans may ultimately cost your beneficiaries more in taxes and/or unnecessary recordkeeping requirements.