Due to today’s political climate, it’s highly possible that Congress will hasten the drop in the estate tax exemption amount. This is why your client needs to make an untouchable and secure financial plan today.
- In 2019, the estate and gift tax exemption is $11.4 million per individual ($22.8 per married couple).
- In 2026, the estate tax exemption amount, which is adjusted yearly for inflation, will drop back to $5 million.
As the possibility of impeachment and next year’s elections inch closer and closer, many wealthy families are looking at ways to take advantage of this “free money” in the event Democrats take over the Senate and the Presidency.
For the ultra-high net worthy, this provides for advantageous planning opportunities and these individuals should consider using this to their advantage before they lose the opportunity.
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