For taxable gifts made after 2017 and for estates of decedents dying after 2017, the exclusion from the U.S. gift and estate tax has been increased to $10 million (adjusted for inflation, $11.4 million in 2019).1 However, this increased exemption will expire at the end of 2025 when, commencing in 2026, the exclusion from the U.S. gift and estate tax will revert to the exemption that was in effect in 2017 (approximately $5 million, adjusted for inflation).2 In November
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