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Learn more about the importance of estate planning and strategies for a successful transfer of wealth – Fort Worth Estate Planning

How will the Tax Cuts and Jobs Act affect your estate plan?

Effective January 1, 2018, the Tax Cuts and Jobs Act reduces individual and corporate tax rates, eliminates a host of deductions and credits, enhances other breaks and makes numerous additional changes. One thing the TCJA doesn’t do is repeal the federal gift and estate tax. It does, however, temporarily double the combined gift and estate tax exemption and the generation-skipping transfer (GST) tax exemption, creating new estate planning challenges and opportunities.

The Tax Cut and Jobs Act (TCJA) Summaries

This article provides you with quick access to special studies written around the Tax Cuts and Jobs Act changes.

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How will the Tax Cuts and Jobs Act affect your estate plan?

Effective January 1, 2018, the Tax Cuts and Jobs Act reduces individual and corporate tax rates, eliminates a host of deductions and credits, enhances other breaks and makes numerous additional changes. One thing the TCJA doesn’t do is repeal the federal gift and estate tax. It does, however, temporarily double the combined gift and estate tax exemption and the generation-skipping transfer (GST) tax exemption, creating new estate planning challenges and opportunities.

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