FWW Estate Planning & Administration Alert: Current State of Estate Tax Exemptions

7/3/2019

The basic rules concerning federal estate and gift taxes seem to always be changing. For 2019, federal estate tax law exempts the first $11.4 million from estate taxes for each individual. This equates to $22.8 million for married couples who plan correctly. Amounts above the exemption are subject to a 40% federal estate tax. This exemption amount is indexed for inflation over the next few years and is much higher than it has ever been under prior law. The adjusted amount drops by half when current law sunsets at the end of 2025, however.

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