Under the American Taxpayer Relief Act of 2012 (ATRA), the federal gift, estate and generation-skipping transfer (GST) tax exemptions of $5 million for individuals and $10 million for married couples (subject to an inflation adjustment) were made permanent, as was portability for the estate and gift tax exemptions. As a result of portability and the increased exemptions, it’s estimated that less than 0.2 percent of all estates will now be subject to federal estate tax.1 With fewer ...

All Access Premium Subscription

Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.

Already registered? here.