Larry Blair, Attorney at Law

Larry S. Blair


Posted on May 17, 2019

With the passage of the 2017 Tax Act, the Federal Estate and Gift Tax Exemption was increased to $11.4 million per person or $22.8 million per married couple for 2019.

The exemptions are set to revert back to 2017 levels beginning in 2026, unless changed sooner.

However, as we are following the Democratic candidates on the Presidential Campaign Trail, they all want to increase tax revenues.

For example, Bernie Sanders’ tax proposal includes reducing the Estate Tax Exemption to $3,500,000 and the Gift Tax Exemption to $1,000,000 per person. Rates would also be increased.

We believe families with assets of more than $7,000,000 should consider available planning techniques now, while the increased exemptions are available.

This post was written by Larry Blair

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