Racing Off Into the Sunset

As most wealth advisors are aware, the increases in the basic exclusion amount for gift and estate tax purposes¹ and the generation-skipping transfer (GST) tax exemption amount² under the Tax Cuts and Jobs Act of 2017³ (the TCJA) expire on Dec. 31, 2025.⁴ Although all facets of federal wealth transfer tax planning are important, GST planning for the TCJA sunset can be highly technical and sometimes overlooked. In recent years, high-net-worth