The lifetime gift and estate tax exemption is scheduled to drop in half in 2026 under current law.1 As all eyes begin to focus on the upcoming presidential and congressional elections, practitioners and their clients may have renewed concerns about new tax legislation to reduce the exemption—perhaps by more than half. Practitioners may experience an…

Real estate is a common investment property for high net worth families that may include just a few properties or be leveraged in a complex manner through multiple partnerships with some trust ownership. Here is a summary of some administrative, tax and planning considerations and opportunities for clients with substantial real estate holdings. Source link

The imbalance between generation transfer (GST) tax-exempt assets and GST tax-susceptible trusts continues to grow. The much larger estate and gift tax exemption and GST exemption amounts available to taxpayers since the passage of the Tax Cuts and Jobs Act of 2017 (TCJA) have not slowed the growth of overfunded trusts vulnerable to GST taxes….

As most wealth advisors know, increases in the basic exemption amount for gift and estate tax purposes1 and the Generation Transfer Tax (GST) exemption amount.2 under the Tax Cuts and Jobs Act of 20173 (TCJA) expires on December 31, 2025.4 Although all aspects of federal estate transfer tax planning are important, GST planning for the…

Immigrants account for 15% of the wealth of America's billionaires Forbes reported in 2022,1 and the vast majority (92%) are self-made. Wealthy tech entrepreneurs continue to arrive in droves, and the United States remains the leader in foreign direct investment.2 Despite the continued growth of America's wealth and the opportunities attributed to immigrants and foreign…

Key considerations for investors. Source link