Jenner & Block

Wealth Transfer (and Other) Planning – 2018 Year-End Client Alert

Effective January 1, 2018, the Tax Cuts and Jobs Act (TCJA) significantly increased your lifetime gift, estate and generation-skipping transfer tax exemptions. These exemptions will return to their pre-TCJA levels after 2025 (unless Congress acts before then to change this). As you consider your long-term financial goals and review your estate plan to make sure it still makes sense (families expand and asset values change!), consider the wealth transfer opportunities these increased exemptions offer. And, as always, make sure you have made your annual exclusion gifts for 2018!

Read More