Do you have clients who want to engage in planning, but are worried about giving up control? Many estate planning strategies rely on transferring assets via tax-free gifts, low interest rate loans, or a combination of the two. The unified exemption amount increased to a record $12.06 million in 2022, but is scheduled under current law to be cut in half in 2026. Depending on the shifting political winds, the reduction could occur even sooner. In addition, interest rates are beginning to tick up after years of historic lows. If the “golden era of estate planning” is coming to a close, then now may be the time for clients to take action.
07.22 ADVM22-11074-A-2, 1223. I-C.
