Gifting with Increased Exemptions — Use it or Lose it

On September 13th, the House Ways and Means Committee put forth proposals that would accelerate the expiration of estate- and gift-tax exemptions — potentially slicing exemptions in half as early as January 1, 2022. Now is the time for high-net-worth individuals to consider making large gifts before the window of opportunity closes.

Resources to help:

  • Top Three Tax Proposals — AM Concept Corner video: Numerous tax proposals were recently unveiled to offset social-spending plans. Here are the top three you need to know about now.
  • Because You Asked — Gifting: Gain insights into the technical details regarding gifting —share with attorneys, CPAs and clients.
  • Estate Tax Calculator: Use this calculator to help project the federal estate tax due based on the assumptions provided. Tip: change the year to 2026 to see the impact of the lower estate-tax exemption currently in place for that year. 
  • Gifting analysis: Our popular JH Solutions module allows you to create a tailored proposal to illustrate the power of gifting. Click here to view a sample case, which covers the various options the client has, including a “do nothing” scenario vs. gifting with life insurance.