Nathaniel Birdsall, Kimberly Ann Braun, Mitchell Gaswirth, Albert Gortz, Stephanie Heiborn, Andrew Katzenstein, Henry Leibowitz, Ephrat Orgel, David Pratt, Caroline Robbins, Peter Tucci, Jay Waxenberg of Proskauer Rose LLP have made available for download their article, “Personal Planning Strategies,” published in JDSUPRA. The abstract is as follows:
Estate, Gift and GST Tax Update
What This Means for Your Current Will, Revocable Trust and Estate Plan
The estate and gift tax regimes have been permanent and unified since the passage of The American Taxpayer Relief Act of 2012 (the “2012 Act”). In 2017, the Tax Cuts and Jobs Act (the “2017 Act”) significantly increased the estate, gift and generation-skipping transfer (“GST”) tax exemptions, which is scheduled to continue to be increased for inflation through December 31, 2025. And despite various proposals to lower the estate, gift and GST tax exemptions, none of them were enacted and thus the exemptions will increase for inflation in 2023 as set forth below…
Click here to view Proskauer Rose LLP’s summary of “Personal Planning Strategies”
Posted by Melissa Zheng, Associate Editor, Wealth Strategies Journal
Wealth Strategies Journal 