Estate Tax Law Changes: How Financial Advisors Can Prepare Clients

As a financial advisor serving clients with a net worth above $12 million, it's crucial to understand the impending changes in estate tax laws. The Tax Cuts and Jobs Act may sunset in 2026, making estate-tax planning an urgent priority. Exemptions are poised to plummet from $12.06 million to around $6.5 million per person, or $13 million for a married couple if the act expires. Time is of the essence, as effective planning takes considerable time. Ensure your clients benefit from today's generous gift tax exclusions before they revert to lower levels.

To navigate these complexities and safeguard your clients' assets effectively, explore essential trust strategies such as Spousal Lifetime Access Trusts, Grantor Annuity Retained Trusts, Qualified Personal Residence Trusts, Irrevocable Life Insurance Trusts, and charitable trusts.

This whitepaper discusses the impending changes in estate tax laws and how financial advisors can help high-net-worth clients prepare for these changes. It highlights the potential impact of sunsetting the Tax Cuts and Jobs Act in 2026, emphasizing the importance of estate-tax planning for ultra-high-net-worth individuals.