Our estate, gift and generation skipping tax exemptions are changing again! This time they are going up per the new tax law and are scheduled to increase each year.
For 2014 the exemptions will be $5,340,000. Here is an excellent article that discusses these increases and merits your reading.
IRS Releases 2014 Estate, Gift and GST Tax Exemptions Adjusted for Inflation
Let me know your thoughts and if you have any questions about how this will impact your estate planning. I look forward to your questions and comments.
BECAUSE DEATH AND TAXES: Learn about what you need to do to be prepared for what's coming. Wills, trusts, taxes, probate. If you haven't experienced it you will. Estate planning is one of the most important things you can do to protect yourself and your family. Please join Bernie Greenberg's world of estate planning. www.kgattys.com
Tuesday, November 5, 2013
IRS Releases 2014 Estate Tax, Gift Tax, GST Tax Exemptions as Adjusted for Inflation
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