As was the case under prior law, the exemption will adjust annually for inflation, providing us with additional opportunities each year for clients who decide to utilize this new exemption sooner, rather than later. This doubled exemption remains in effect until December 31, 2025, at which time the law sunsets and the exemptions revert to the $5 million level (indexed for inflation).
For the ultra-high-net-worthy clients, these numbers present advantageous planning opportunities. The year 2025 will approach us sooner than we realize, and it is vital that individuals take advantage of this opportunity now. We can help create a plan that will minimize your clients tax exposure and maximize their legacy so that the client and their heirs receive everything that they have worked so hard for.
