How to Prepare for Sunset

Advisory Team Synergy

During the month of June, we are focusing on preparing for the sunset of the increased federal estate and gift tax exemption limit.  The Tax Cuts and Jobs Act (TCJA) of 2017 temporarily doubled the exemption through the end of 2025.  Although that seems like a distant deadline, there might be time sensitive details to address before being able to take advantage of the increased limit.

To get started with any planning for the 2025 sunset, it is prudent to contact advisors for guidance.  Fulfilling a technical or complex need requires a well-orchestrated symphony of collaborative minds.  A synergistic advisory team benefits not only the client but each advisor as well.  The client receives guidance from knowledgeable resources to optimize planning.  Oftentimes, an attorney, accountant, wealth manager, and insurance agent all play important roles when determining, implementing, and servicing the best option for each client.

Contact us with any questions or opportunities to help you or your clients achieve identified goals.  This is what we enjoy doing for only a select number of families, businesses, and charitable institutions each year, and we look forward to hearing from you.