Resources

Nov 7, 2017 |

2018 Increase in the Federal Estate and Gift Tax Exclusion Amount

Nov 7, 2017 - Estate Planning

The current federal gift and estate tax “exclusion amount” (exemption) is $5,490,000. The IRS recently announced that, effective as of January 1, 2018, this exclusion amount will be increased (inflation-adjusted) by $110,000 to $5,600,000.

This favorable change in the Federal Estate and Gift Tax law may have an impact on your estate plan. Please contact us if you would like to discuss the impact of this increase of the exclusion amount on your estate plan.

nbta badge super lawyers badge avvo badge rising star badge Million Dollar Advocates Forum Peer Review Rated paaj champion badge NAOPIA
Drake, Hileman & Davis logo

WHAT OUR CLIENTS ARE SAYING

"Drake, Hileman & Davis drew up a will for my wife and I. Nobody likes thinking about that stuff, but they made it easy. Great service, reasonable rates. When you need a lawyer's help, these are the guys to go to."

Drake, Hileman & Davis

Get Answers to Your Questions

Let's determine if you have a case.