April Fool's Day in January for Estate Planners

Clients who took action in December are unlikely to have donor's remorse

, New Jersey Law Journal


In December, many estate planners helped clients to capture the $5.12 million exemption from the federal gift, estate and generation-skipping transfer taxes, before it was potentially reduced to $1 million on January 1. On January 2, they learned that the exemption had in fact been raised to $5.25 million. However, the planners don't expect that the clients who took action in December will have donor's remorse.

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