2024–2025: Window of Opportunity to Transfer Wealth?
- The lifetime gift and estate tax exclusion amount is scheduled to drop from about $14 million per person in 2025 to about $7 million on Jan. 1, 2026.
- Even if you are unsure whether you can or want to transfer that much money to loved ones, it could pay a great deal to know all your options before the exclusion amount changes.
- Financial modeling might help you decide how much you could comfortably transfer and which strategies might be best for you and your family.
- The exact amount you would be allowed to gift tax-free depends on how much of your lifetime exclusion amount you’ve already used.
- For more information about SLATs, see “Is Now the Time to Consider a Spousal Lifetime Access Trust?,” Bessemer Trust Wealth Planning Insights (October 28, 2020).
This material is for your general information. It does not take into account the particular investment objectives, financial situation, or needs of individual clients. This material is based upon information obtained from various sources that Bessemer Trust believes to be reliable, but Bessemer makes no representation or warranty with respect to the accuracy or completeness of such information. The views expressed herein do not constitute legal or tax advice; are current only as of the date indicated; and are subject to change without notice. Forecasts may not be realized due to a variety of factors, including changes in economic growth, corporate profitability, geopolitical conditions, and inflation. Bessemer Trust or its clients may have investments in the securities discussed herein, and this material does not constitute an investment recommendation by Bessemer Trust or an offering of such securities, and our view of these holdings may change at any time based on stock price movements, new research conclusions, or changes in risk preference.
