Which estate planning tools best suit your financial circumstances? How does the new Tax Bill signed into law December 22, 2017 provide opportunities to transfer wealth to future generations? And who can help you to identify the estate plan structure most beneficial to your needs?
These and other estate tax law questions are squarely on the minds of Americans as they seek to understand, implement and gain benefits from the newly mandated tax legislation. This new tax law makes significant changes to federal estate and gift taxes while delivering $1.5 trillion in tax cuts and doubling the federal estate, gift, and generation-skipping transfer tax exemptions. For example, in 2017 an individual could give or transfer at death up to $5,490,000 with no estate or gift tax payment required. In 2018, under the new tax law, these amounts more than double to approximately $11,200,000 and married couples can shield greater than $22,000,000 from federal estate tax.
Clearly, the new tax law represents opportunity for some and a multifaceted challenge for others. For all taxpayers, greater clarity is needed regarding the short- and long-term impacts of this landmark legislation.
One of the best ways to gain optimal benefits is to closely study strategies which ensure up-to-date estate plans and compliance with regulations. Most people will require help, given the law’s complexities.
The Federal Bar Association’s 42nd Annual Tax Law Conference, a symposium focused on wide-ranging discussions in the areas of estate and gift tax planning, and charitable planning issues; estate planning ethics; life insurance as a prime component of estate planning; and legislative developments and outlook, is being held on March 9, 2018 at the Ronald Reagan Building and International Trade Center in Washington, D.C.
The symposium features respected speakers from the IRS, Treasury Department, Department of Justice, White House, and Congress sharing in-depth expertise and knowledge about the changes in the Internal Revenue Code and its impact. Expect to access vital guidance regarding tax bill changes that affect you, concisely unpacked to reveal the implications to your gift and estate planning strategies. Listen and learn as the speakers provide valuable insights aimed at ensuring your increased understanding and confidence related to this highly intricate area of law.
Please follow this link to register: http://www.fedbar.org/taxlaw18. Ethics, CLE, and CPE credit will be available.