The Sunset of Estate Tax Provisions

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00:00 Estate Tax Sunset
2:13 2017 Tax Cuts and Jobs Act
3:05 Annual Exclusion Amount of $18,000
4:20 Gift and Estate Tax Are Unified
8:46 2024 Estate Tax Exemption
8:02 January 1, 2026 - Tax Cuts Sunsets
9:27 Estimate of 2026 Estate Tax Exemption
11:53 Rare Opportunity While Estate Tax Exemption Is Elevated
13:10 Hypothetical $20 Million Estate
18:40 2019 IRS Regulations - Anti-Clawback Rule
22:10 Future Appreciation on Gifted Assets Avoids Estate Tax
24:20 The Portability Election for Modest Estates
25:57 The Step-Up When Surviving Spouse Dies
29:00 File Estate Tax Return Even Though Not Required
34:06 Summary of Two Important Examples
35:13 Q&A