BDO USA has published an article, “Estate Tax Planning in 2021: Uncertainty Abounds But Options Still Exist”, published on BDO USA. The abstract is as follows:
Currently, U.S. citizens and non-U.S. citizens domiciled in the U.S. are entitled to an $11.7 million gift and estate tax exemption and are subject to a maximum marginal gift and estate tax rate of 40%. And while the gift and estate tax exemption is scheduled to drop to approximately one-half the current amount on January 1, 2026, there also are tax proposals in play that could change the estate and gift tax laws much sooner.
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal