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Top Estate Planning Tips For Those Nearing Tax-Exemption Limits
By Ellen Sheng
It’s often said that death and taxes are the only certainties in life. But the specifics when, how much are not certain. The estate tax exemption, currently set at $11.7 million for singles and $23.4 million for married couples, is set to expire in 2026. While it’s anyone’s guess what the exemption will be after then, few advisors expect tax rates to go down. With a new administration in place and billions in recent pandemic stimulus payments, it’s widely expected that tax rates will increase as the government looks for additional tax revenue.  ....

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