I just learned of estimated gift and estate tax exemption for 2016. Again, this is just an estimate but comes from a reliable source. They project that the federal gift and estate tax exemption will be $5,450,000 ($5.45m) which is up from this year’s $5,430,000. They project that the annual gift tax exclusion will remain at $14,000. If you have questions about how you can best utilize these exemptions in your estate plan contact us to discuss. -John
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