News & Client Information

On Dec 22, 2017, President Donald Trump signed Tax Legislation into law which was the first major overhaul of the U.S. tax system in 30 years (“The Trump Tax Act”). The Trump Tax Act significantly impacts the Estate, Gift and Generation Skipping Transfer (“GST”) Tax and the Annual Gift Tax Exclusion for all persons starting in 2018.

Pursuant to IRS Revenue Procedure 2016-55, the 2017 Estate, Gift and GST Tax
exemptions are as follows: