Expert insights on estate planning, asset protection, tax law, tax preparation, tax planning, bookkeeping, accounting practices, wealth management, and legal matters for businesses and individuals.
Expert insights on estate planning, asset protection, tax law, tax preparation, tax planning, bookkeeping, accounting practices, wealth management, and legal matters for businesses and individuals.
Showing 2 of 53 articles tagged with trust-planning
Complex trusts hit the top 37% tax bracket at $15,650 of income. See how SLATs, GRATs, and GST planning protect family estates — from a CPA/attorney firm.
If you've read that the estate tax exemption is about to crash back down to roughly $7 million, that's outdated information. The One Big Beautiful Bill Act (OBBBA, P.L. 119-21), signed July 4, 2025, permanently eliminated the scheduled 2026 sunset and set the federal estate and gift tax exemption at $15 million per individual and $30 million per married couple through portability (IRS Rev. Proc. 2025-32, 2025).That permanence changes the planning conversation. Estate tax planning strategies for 2026 no longer center on racing the clock before an exemption cliff. They center on a different question: which mix of lifetime gifting, trust structures, and basis step-up planning actually minimizes your family's total tax burden under law that's now built to last.
