The IRS recently announced inflation adjustments for more than 50 tax provisions. Among these are that the federal estate tax exclusion for a decedent who dies in 2018 will be $5,600,000. The annual gift tax exclusion for 2018 will be $15,000.
In the https://www.treasury.gov/press-center/press-releases/Documents/Tax-Framework.pdf (Sept. 27, 2017), the President and Congressional Republicans provided a framework of their tax reform proposal, which includes repeal of the estate and generation-skipping transfer taxes. The proposal would:
Mr. Hendel has been practicing wealth preservation planning for over thirty years.