2026 Estate Planning Update
Our Latest Update in Estate Planning – Keeping You Informed! The following are updated amounts for the federal estate, gift and generation-skipping transfer tax exemptions, and the New York State estate tax exemption, which became effective on January 1, 2026.
“One Big Beautiful” Exemption: Why Estate Planning Still Matters
Federal Estate, Gift and Generation-Skipping Transfer Tax Exemptions The “One Big Beautiful Bill Act” (the “OBBB”) was signed into law by President Trump on July 4, 2025. Under the OBBB, beginning on January 1, 2026, the federal estate, gift and generation-skipping transfer tax exemptions will increase from $13,990,000 to a permanent $15,000,000 ($30,000,000 for married […]
2025 Estate Planning Update
Our latest update in estate planning – keeping you informed! The following are updated inflation adjusted amounts for the federal estate, gift, and generation-skipping transfer tax exemptions, and the New York State estate tax exemption, which became effective on January 1, 2025.
2024 Estate Planning Update
Effective January 1, 2024, the federal estate, gift and generation-skipping transfer tax exemptions have been increased from $12,920,000 to $13,610,000 ($27,220,000 for married couples). Thus, individuals may transfer up to $13,610,000 during their lifetimes or upon death without the imposition of federal gift or estate tax. Individuals also may make significant generation-skipping transfers without the […]
