2025 Sunsetting Estate Tax Provisions
Video:
2025 Sunsetting Estate Tax Provisions
Check out our on-demand video from the Oct. 30 webinar where we review the expiration, how you can benefit, and the potential impact this expiration will have on your estate. The Tax Cuts and Jobs Act of 2017 increased the estate and gift tax exemption from $5 million to $10 million per person. This exemption is set to expire on December 31, 2025. If you do not take advantage of this exemption before it expires, your estate will be taxed at a higher rate. In this video, we discuss how you can use trusts, life insurance, and other strategies to minimize your estate tax liability.
The clock is ticking.
The Tax Cuts and Jobs Act of 2017 brought substantial benefits, but many of these tax breaks are temporary. A significant change looming on the horizon is the expiration of the estate and gift tax exemption, which could reduce wealth transfer by a substantial 40%.
To fully capitalize on this current opportunity, high-net-worth individuals and owners of closely held businesses should act now. Don’t miss out on this chance to learn how to protect your wealth and secure your financial future.
About the Presenters
Mark leads Brady Ware’s trust, estate, and business succession matters, and will talk attendees through the sunsetting issue.
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Adam specializes in tax solutions for clients and will contribute perspectives on how this wealth transfer will impact any potential tax issues.
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Anita Anand is the firm’s managing shareholder and a leading tax subject matter expert.
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