The federal estate tax exclusion amount has gone up before, but never down. Final regulations, issued on November 22, 2019, now tell us what happens when the current $10 million exclusion returns to $5 million in 2026.
Join Dan Evans as he explains the tax calculation problems caused by increasing and decreasing the exclusion amount, how the regulations address those problems, and the issues that remain and will need to be addressed by estate planners as 2026 approaches.
- The regulations make it clear that lifetime gifts before 2026 will not have adverse estate tax consequences for deaths after 2025, so understanding the regulations is necessary for lifetime gift planning.
- Discover the three main effects of these regulations.
- Learn planning strategies for your clients’ “use it or lose it” time period and beyond.