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Each year, certain federal estate, gift and generation-skipping transfer (GST) tax figures are subject to inflation adjustments. For 2017, the annual exclusion amount for gifts remains at $14,000. The federal estate, gift and GST tax exemption amount for estates of decedents dying in 2017 and gifts made in 2017 is increased to $5.49 million. The annual exclusion amount for gifts made to a noncitizen spouse in 2017 is increased to $149,000.
An article from Day Pitney's December 2016 Estate Planning Update
An article from Day Pitney's December 2016 Estate Planning Update
An article from Day Pitney's December 2016 Estate Planning Update