For those of us in the US, I'm curious what others with large estates are planning.

I have Trusts for all my children and grandchildren. Large IRA and more going 100% to my named charities.

https://www.wsj.com/personal-finance/taxes/the-mov...



'We're looking at a golden opportunity to make tax-free transfers,' said Shamisa Zvoma, a certified public accountant with Wiss in Florham Park, N.J.

The $10 million figure in the Trump tax cuts of 2017 was indexed for inflation. For 2023, the combined gift- and estate-tax exemption is $12.92 million per individual, or $25.84 million per married couple. That is the amount you can give away during your life or at death tax-free.

Next year the exemption amount will likely be adjusted to $13.61 million, estimates Peter Tucci, an estate lawyer at Proskauer. For 2025, it could be $14 million per person, before dropping by half in 2026 to about $7 million."

Berkshire Hathaway FAQ

---

Contact Shrewd'm
Contact the developer of these message boards.