Gift Tax Exemption
A planning technique used to transfer wealth to beneficiaries tax-free, reducing the size of a taxable estate and removing future asset appreciation from taxation.
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Planning for Uncertainty
Implement a policy for estate tax protection. Write the projected death benefit that would be needed after sunset (allowing for growth) with the idea to decrease the death benefit if the exemption does not change in 2025.
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Another Lesson in Leverage
Establish a trust for estate planning and gift federal lifetime exemptions to fund premium payments on second to die coverage via a short-pay design for a higher ROI.
Candidates
Solutions are not one size fits all. For every planning technique, there are determining factors that illustrate whether the technique will fit the planning for an individual or family. Outlined below are ideal candidates who might benefit from exploring Gift Tax Exemption solutions.
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A dynamic amount, set by Congress, that ultra-affluent individuals can gift per recipient during their lifetime without incurring taxes. This allows the transfer of wealth to family or friends on a tax-free basis. The IRS also calculates an annual exclusion amount that can be gifted to unlimited recipients in addition to the lifetime gift tax exemption. These dynamic amounts are doubled for married couples.