Lifetime Exclusions Expiring

The current Lifetime Exclusion for federal estate taxes is scheduled to expire on December 31, 2025 and
will return to its pre- 2017 level of $5.5 million from the current $12.92 million as of January 1, 2026. It
is not soon plan for this eventuality.
Some ideas to include in this plan are:
 Creation of intentionally defective grantor trust who which you sell and/or gift assets to your
children and descendants
 Gifting to a spousal lifetime access trust
 If you own a business, a gift of fractional interests, either voting or nonvoting, to family
members you believe are qualified to carry on the business after you retire or upon your death.
 Create a family limited liability company to which you transfer business or investment assets
and gift fractional interests to family members.
There are a number of other ideas that may fit your needs and circumstances. If you would like to
discuss your options with me, I shall be pleased to do so.