Florida Elder Law & Estate Planning Blog

Updated Estate Tax and Gift Tax Rates For 2024
December 19, 2023

Beginning in 2024 there are new estate tax numbers you should be aware of, particularly if you have a substantial estate that is taxable right now, or one that is likely to be taxable in the future. The Federal Lifetime…

Making Annual Gifts Can Help Reduce Future Estate Tax Liability
August 23, 2023

The current Unified Estate Tax and Gift Tax Exemption allows you to pass $12.92 million, tax-free. This can include tax-free gifts you make during your lifetime, or bequests made after your death, or a combination of the two. A married…

Gift Tax and Estate Tax Changes Coming in 2023
October 29, 2022

Families and individuals with significant assets will have new opportunities in 2023 to transfer tax-free wealth to their heirs. Your estate planning attorney can provide you with guidance on any gifting you should be doing to take advantage of the…

Alert: Estate Tax and Gift Tax Changes In 2022
December 6, 2021

Two key estate planning numbers will change effective January 1, 2022: The lifetime unified gift and estate tax exemption, and the annual estate tax exclusion. These changes may impact you if you have a taxable estate. The lifetime exemption is…

Estate Tax
Annual gift tax exclusion: who does it impact?
August 12, 2016

The annual gift tax exclusion is widely misunderstood. Many people believe that for tax purposes they must stay under the exclusion limit. In fact, for the vast majority of people, the annual exclusion – currently $14,000 – effectively has no…