If 2020 taught us anything, it’s to expect the unexpected. With that in mind, we humbly present our outlook for 2021. Take our fun little test to learn how much you know about what we think lies ahead.Regardless of whether you know the answers to this pop quiz, consider our outlook as you participate in the economic recovery and continued stock market strength.
This article reprint was published in the January 2021 edition of Trusts & Estates magazine and provides an overview of some key state-level planning developments across the U.S.
January 12, 2021, GEM 30 — Today’s historically high estate and gift tax exemption amounts ($11.7 million per person or $23.4 million per couple) are set to sunset at the end of 2025, or possibly sooner under a Biden administration.