Remote Execution of Legal Documents

On April 9, 2020, Governor Bill Lee issued Executive Order No. 26. It temporarily addresses a dilemma that estate planners and other attorneys have been struggling with ever since the state of Tennessee went into lockdown in response to the COVID-19 virus. How do you...

2020 ESTATE & GIFT TAX EXEMPTIONS

Edit Estate Tax Exemption (“Basic Exclusion Amount”) $11,580,000 Applicable Credit Amount $4,577,800 Generation-Skipping Transfer (GST) Tax Exemption $11,580,000 Gift Tax Annual Exclusion $15,000 Taxable Income Threshold at which Highest Rate Applies for...

2019 Estate & Gift Tax Exemptions

Estate Tax Exemption ("Basic Exclusion Amount")$11,400,000 Applicable Credit Amount$4,505,800 Generation-Skipping Transfer (GST) Tax Exemption$11,400,000 Gift Tax Annual Exclusion$15,000 Taxable Income Threshold at which Highest Rate Applies for Trusts/Estates$12,750...