< iframe size="480" elevation="320" src="https://www.youtube.com/embed/VOJDdy4eyV4?rel=0" frameborder="0" allowfullscreen >< img design="float: left; margin:0 5px 5px 0;" src="http://taxdr.org/wp-content/uploads/2021/05/EcDbpC.jpg"/ > Quick news! I'm servicing building an online platform that will aid you to easily create as well as preserve your estate strategy-- if you would love to get early access or learn even more once we're prepared, submit the 3 question form by clicking the web link listed below: https://wic4exomah8.typeform.com/to/dRZJAqFQ It's sort of a strange time for the estate and also present tax obligation in early 2021. Here's what we recognize: the inheritance tax exemption amount has been raised from the 2020 $11.58 million degree to the 2021 $11.7 million amount. The $15,000 gift tax yearly exemption amount was not raised to $16,000 for presents made in 2021 - it remained at $15,000. Disallowing legal modification, the Tax obligation Cuts as well as Jobs Act will sunset in 5 years which will, typically, cut the estate tax obligation exception quantity in half. Here's what we hear: Biden wants to reduce the inheritance tax exception amount - probably to $3.5 million. He may also desire to top life time gifts at a quantity less than $3.5 million. Biden might likewise wish to boost the estate tax rate from 40% to 45%. For potential law practice customers who want to schedule a complimentary 30 min first telephone call with Paul Rabalais, go to: https://go.oncehub.com/Paul8 This blog post is for informational functions just as well as does not supply legal advice. Please do not act or abstain from acting based upon anything you review on this website. Using this website or communicating with Rabalais Estate Preparation, LLC, with this website does not form an attorney/client partnership. Paul Rabalais Louisiana Estate Preparation Lawyer www.RabalaisEstatePlanning.com Phone: (225) 329-2450