n 2017, the Tax Cuts and Jobs Act (TCJA) significantly increased the federal estate and gift tax exemption, allowing individuals to pass up to $11.18 million (adjusted for inflation) to heirs tax-free. As of 2024, this exemption has risen to approximately $13.61 million per individual or $27.22 m...

When people come to my office to create a Will or Living Trust they often ask me if when they pass away whether or not their Beneficiaries will have to pay any taxes on their inheritance.  I also get this question frequently from Beneficiaries.  The answer to this question generally depends on th...