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IRS Announces Higher Gift And Estate Tax Limits For 2020

Posted by Nina Whitehurst | Nov 06, 2019 | 0 Comments

The Internal Revenue Service announced today in Rev. Proc. 2019-44 the official estate and gift tax limits for 2020: $11.58 million per person (was $11.4 million in 2019). That means you can leave $11.58 million to heirs and pay no federal gift or estate tax. If you are married, the two of you can leave up to 23.16 million combined without incurring a federal gift or estate tax.

Time to Get Rid of Your Trust?

Posted by Nina Whitehurst | Jan 19, 2018 | 0 Comments

The new tax law (2018) has enough big changes that you need to review your estate plan to make sure that you are taking advantage of the best options in the new environment. One of the key changes for estate planning purposes, is that the estate tax exemption has been doubled.

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