The $13.6M Gift Tax Exemption is Going Away

The Tax Cuts and Jobs Act is scheduled to sunset on December 31, 2025. If it does, many more estates could be impacted by the lower federal estate and gift tax exemptions that will result. 

Help clients make the most of these historically high limits while they last with a variety of strategies — including using survivorship life insurance owned by an irrevocable life insurance trust (ILIT) or a charitable remainder trust (CRT) — designed to help reduce their taxable estate.