High-net worth families are racing against the clock to shield their wealth before the estate tax increases

Quick Summary:

"This is the number one issue that’s looming large in peoples’ minds".

That same couple would still be able to gift an additional $27.22 million tax-free under the lifetime gift tax exemption.

Next year, the estate tax exemption, which was generously increased under the Trump administration, could be halved.

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Article Details

Author / Journalist: Alicia Adamczyk

Category: EconomyBusiness

Markets: United States

Topics: Wealth Donald Trump Real Estate Joe Biden Taxes Gifts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 15:21:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 624 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 156 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27193067

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 56 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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