Posted on November 9, 2021
As Congress continues to debate a reduction in the estate and gift tax exemption–slated to rise to $12.06 million in 2022–now may be a perfect time to consider some lifetime gifts.
Many people plan for bequests at the end of their lives. Gifts made during your lifetime may be more meaningful, while lowering the value of your estate should Congress implement a reduction. The gift and estate tax exemption is an important planning consideration.
Click here for a quick, easy-to-read summary of how it works.
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