IRS Releases 2021 Estate and Gift Tax Exclusion Limits

Estate and Gift Tax Limits for 2021 Have Increased Beginning in 2021, the lifetime estate and gift tax exclusion (which is indexed for inflation) will rise to $11.7 million, up from $11.58 million in 2020. This is the limit on tax-free wealth transfers during an individual’s lifetime or at death. … Read more »

Graduating from Wealth Building to Wealth Transfer (How to Pass it Along)

For many of our clients, a lifetime of professional success combined with diligent saving and investing can lead to an interesting and desirable problem; they have much more money than they need in order to enjoy a comfortable retirement. This situation can create two concerns, the first is their desire … Read more »

IRS Raises the Limit on Tax-Free Lifetime Gifts

Beginning in 2014, the lifetime estate and gift tax exclusion (which was indexed for inflation in the 2013 Tax Relief Act) will rise to $5,340,000 from $5.25 Million for 2013. This is the limit on tax-free transfers during life or at death. This means that couples who have not yet made … Read more »

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