The current estate tax threshold is $5,490,000.00 reduced by any lifetime taxable gifts. In addition there is now a way to port the unused exemption of the first spouse to die to the surviving spouse resulting in as much as $10,980,000.00 of total exemption for a married couple. If your trust contains estate tax provisions you should find out if an amendment would benefit your family.
Estate Planning InquiryIf you would like more information, please contact Alvin H. Kriger below. Please note that this information is strictly confidential and will only be used to respond to your inquiry.