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2017 Inflation Adjustments for Trust and Estate Planning

Some federal trust and estate tax thresholds[1] are indexed to the inflation rate. The Internal Revenue Service recently issued an announcement (Rev. Proc. 2016-55) of adjustments effective January 1, 2017. 2017 2016 Estate and Gift Tax Exemptions[2] $5.49 million $5.45 million Gift Tax Annual Exclusion $14,000 per donee $14,000 per donee Top Income Tax Bracket […]
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Proposed IRS Changes Call for Planning Action

A recent tax law development could significantly affect estate planning. The lawyers at Holbrook Peterson Smith are available if you would like clarification. Proposed Treasury Regulations: The Treasury (IRS) has issued Proposed Regulations that could have a dramatic impact on your estate planning by eliminating or reducing valuation discounts in some circumstances. This could be […]
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