Now is the time to do asset protection and estate planning. The exemptions will sunset on 01/01/2026. The exemption is currently about $13M, but will fall to an inflation adjusted $5M on 01/01/2026 if the exemptions are allowed to fall. If we have divided government, then it is likely that the exemptions will sunset. We have a nice runway to do the planning. You should take advantage of that runway. I know planning for death, taxes and potential lawsuits is not something most people want to do, but it is planning that should be done!
Now is the Time to Act
About Grady Dickens
I created this blog to comment on items of current interest regarding trusts, estate planning, charitable planning and tax law, and share my knowledge and over thirty years of experience as an attorney practicing in Dallas, Texas.