A Sign That Says "Taxes" on Top of Money.

Changes to Estate Planning in 2020

Estate Planning in 2020 The Tax Cuts and Jobs Act, called The Act signed into law in 2017, provides excellent estate planning opportunities. The lifetime exemption amount for the gift, estate, and generation-skipping transfer taxes increased from $11.4 million to $11.58 million on January 1, 2020. The annual gift tax exclusion amount remains at $15,000…