Tax laws might change soon, and the estate tax exemption could drop in 2026. If that happens, more families may have to pay higher estate taxes when passing down money or property.
What can you do now?
- Give tax-free gifts before limits change.
- Use trusts to protect your money.
- Transfer a business or property early to lock in today’s tax rules.
- Set up a Family Limited Partnership to reduce estate taxes.
- Review and update your estate plan with a financial advisor.
By planning ahead, you can protect your family’s future and make sure your hard-earned wealth goes to the people you love, not the government.