Estate Planning in 2016

ThinkstockPhotos-92016204Estate 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, 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.

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