The Increased Exemption Creates Opportunity

On Jan. 1, 2009, the federal estate tax applicable exclusion amount jumped from $2 million to $3.5 million the most significant increase since the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA).

On Jan. 1, 2009, the federal estate tax applicable exclusion amount jumped from $2 million to $3.5 million — the most significant increase since the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA).

This year, individuals can transfer $3.5 million free of federal estate and gift tax. Married couples can transfer $7 million — and may no longer be subject to the estate tax at all.

This means that we as estate planners should review existing estat

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish