Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.

Insights

Publications Events Blogs

Estate Planning Update December 2017 - Inflation Adjustments

Publisher: Day Pitney Estate Planning Update
December 21, 2017

Each year, certain estate, gift and GST tax figures are subject to inflation adjustments. For 2018, the annual exclusion amount for gifts increases to $15,000. As mentioned above, the current version of the tax bill will double the estate, gift and GST exemption. The annual exclusion amount for gifts made to a noncitizen spouse in 2018 is increased to $152,000.


Recommended