The federal estate and gift tax exemption is scheduled to sunset by the end of 2025, and it is imperative to begin planning today in order to protect your assets and minimize tax burdens in your estate plan.
The first step is to receive an initial assessment of your current situation, which will help determine the impact of the sunset or current exemption on your estate. To prepare for the best possible outcome, it is important to work with experienced professionals who can create a customized estate plan tailored to your unique financial goals, risk profile and cash flows.
In this episode of Cherry Bekaert’s Private Client Services podcast, Marci Spivey, Family Wealth Taxation Segment Lead, and Mike Kirkman Estate, Trust & Gift Tax Leader, discuss the latest trends, news and insights in the world of finance.
They are joined by Clint Costa, Senior Wealth Strategist at Choreo, LLC, who provides an in-depth analysis of the estate tax and gift tax, explaining the fundamental concepts and how the sunset will impact assets. Additionally, this episode sheds light on specific steps individuals can take to assess whether they should utilize the additional estate tax exemption before it expires.
Listen to learn more about:
- The federal estate and gift tax exemption and its sunset after 2025
- How experienced professionals can help you create a customized estate plan
- Emotional considerations in estate planning and how to address them
- Why you should plan now and take advantage of valuations at today’s value
Do not wait until it’s too late. Start planning ahead with the right team of advisors.
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