Estate planning rules change from year to year. Here are a few facts about changes that will affect estate planning next year.
They are listed in a story on www.fool.com, the “Motley Fool” site.
* The lifetime gift and estate tax exclusion amount increases to $5.45 million. The is up slightly from last year.
* The annual exclusion amount for gifts stays at $14,000 per person.
* The effective tax rate for the estate and gift tax remains at 40 percent.
* Portability of the lifetime exclusion amount is still available. It allows couples in 2016 to transfer $10.9 million of taxable property to
If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.
