Estate Planning and Wealth Transfer

Proposed Tax Regulations Eliminate Possibility of Clawback of Lifetime Gifts for Estate Tax PurposesAs previously posted, the Tax Cuts and Jobs Act signed into law in December 2017 (the “2017 Act”) made significant changes to the federal wealth transfer system with respect to gift and estate tax transfers during the calendar years 2018 through 2025. One of these changes was increasing the basic exemption amount that can