Trust and estate planning is an intricate process that involves careful consideration of legal, financial, and personal factors to ensure the seamless transfer of assets and properties to your.
$1 million, not adjusted for
inflation
Progressive tax, ranging from
18 percent to 40 percent
Progressive tax, ranging from
45 percent to 65 percent
GST Tax
$3.5 million, not adjusted for
inflation
Flat rate equal to the maximum
estate tax rate (40 percent)
Flat rate equal to the maximum
estate tax rate (65 percent)
Estate Tax
$3.5 million, not adjusted for
inflation
Progressive tax, ranging from
18 percent to 40 percent
Progressive tax, ranging from
45 percent to 65 percent
Other proposed changes would affect transfers made, and trusts
created, after the enactment date of the Act. These changes
include:
Annual Exclusion Gifts: Annual exclusion gifts would
no longer be unlimited. A donor could not give more than twice the