Uh Oh - Should Your Heirs Now Give Your Gifts BACK to You?
February 26, 2018
The big federal tax overhaul has been passed and signed into law, and now that the gift and estate exemption has been doubled to more than $11 million (or $22 million for a couple), most readers may be asking whether they still need to concern themselves with estate planning. The short answer for everyone is yes. Estate planning takes many forms - and it's by far not only about having a large estate! But if you have given significant lifetime gifts to your heirs as a way of reducing future estate tax, the answer for you is even more emphatic - you need to take a hard look at whether you should get those gifts back.
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