Private Wealth Law

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Provided by Comiter Singer Baseman & Braun LLP

Wealth transfer planning, a form of , involves structuring gifts or bequests of assets to beneficiaries to minimize gift and estate taxes while achieving numerous important non-tax objectives. The current unified gift and estate tax exemption for each individual is $11,580,000 ($10,000,000 as indexed for inflation).

However, this amount is scheduled to decrease to approximately $6,000,000 or so on January 1, 2026 ($5,000,000 as indexed for inflation), or perhaps sooner if the exemption amount is changed before then. If this higher exemption amount is not utilized before the decrease, it may be lost.

How Our Florida and Palm Beach County Estate Planning Attorneys Create a Wealth Transfer PlanDevelop a Wealth Transfer Strategy with Our Palm Beach County Estate Planning Attorneys

This “use it or lose it” system and the current significant exemption are driving forces right now in new estate planning, and changes being made to existing planning. The following is a summary of the most popular advanced techniques used by our Florida and Palm Beach County estate planning attorneys to address these issues and other ongoing wealth transfer planning concerns.