The 2017 Tax Cuts and Jobs Act doubled the estate, gift, and generation-skipping transfer tax exemption amounts for individuals. These valuable benefits automatically expire after December 31, 2025. A Democrat-controlled Congress and White House in 2021 could roll back exemption amounts further (and sooner) and make other big changes to wealth transfer taxes.
The increased estate, gift and GST tax exemptions may not be around long. Don’t miss out:
Take Advantage of the 23.16 Million Dollar Estate, Gift and GST Tax Exemption Before It Is Gone
Related Articles
Culp Elliott & Carpenter P.L.L.C. is pleased to announce that 9 lawyers have been included in the 2021 Edition of The Best Lawyers in America: CE&C Best Lawyers 2021
READ MORE Culp Elliott & Carpenter, P.L.L.C. has recently participated in a Simple Wills for Seniors clinic, along with Bank of America, Charlotte Center for Legal Advocacy, Mayer Brown, Mecklenburg County, NC, Mecklenburg County Park and Recreation, and US Bank, providing free legal service for simple wills and estate planning.
READ MORE William R. Culp, Jr., Paul M. Hattenhauer, and Briani Bennett Mellen are co-authors in the article published by the ACTEC Law Journal, Volume 44, Number 1, Winter 2019
READ MORE Announcing the selection of W. Curtis Elliott, Jr., Partner, among America’s Top 100 High Stakes Litigators® for 2019. Top 100 High Stakes Litigators 2019 Press Release
READ MORE The following were recognized in the area of Tax and Estate Planning: John J. Carpenter, Partner; Stanton P. Geller, Partner; William L. Mills, IV, Associate; and W. Curtis Elliott, Jr., Partner Hall of Fame. Benjamin H. Ellis, Partner was recognized in the area of Real Estate. Benjamin E. Dean, Associate was recognized in the area […]
READ MORE Culp Elliott & Carpenter, P.L.L.C. is pleased to announce that William R. Culp, Jr. was named Best Lawyers®2018 Trusts and Estates “Lawyer of the Year” in Charlotte. In addition, W. Curtis Elliott, Jr. was named Best Lawyers 2018 Litigation and Controversy – Tax “Lawyer of the Year” in Charlotte. The Firm is also pleased to announce that […]
READ MORE Culp Elliott & Carpenter, P.L.L.C. is pleased to announce that William R. Culp, Jr. was named Best Lawyers® 2017 Litigation and Controversy – Tax”Lawyer of the Year” in Charlotte. In addition, W. Curtis Elliott, Jr. was named Best Lawyers® 2017 Tax Law “Lawyer of the Year” in Charlotte. The firm is also pleased to announce that seven Partners […]
READ MORE Partner inducted as a Fellow into the American college of Trust and Estate Counsel (ACTEC). The ACTEC Foundation -promotes scholarship and education in trust, estate and related areas of
READ MORE A business succession plan is essentially an exit strategy for a business owner. A succession plan helps facilitate the orderly transfer of a business from the current owners to
READ MORE Culp Elliott & Carpenter, P.L.L.C. is pleased to announce that William R. Culp, Jr. was named Best Lawyers® 2016 Litigation
READ MORE On April 23, 2015, North Carolina's state fiduciary income tax was held to be unconstitutional as imposed upon the income earned and accumulated by an out-of-state trust in the case of The Kimberly Rice Kaestner 1992 Family Trust v. North Carolina Dept. of Revenue.
READ MORE Culp Elliott & Carpenter, PLLC is pleased to announce that the following Partners were selected for inclusion on the 2016 North Carolina Super Lawyers
READ MORE Estate planning practitioners have encountered ever-increasing changes to traditionally understood trust law. For example, modern legislation has altered state trust codes to repeal the rule
READ MORE
FIND US ON LINKEDIN
