Day Pitney LLP is a full-service law firm with more than 300 attorneys in Boston, Connecticut, Florida, New Jersey, New York and Washington, DC. The firm offers clients strong corporate and litigation practices, with experience on behalf of large national and international corporations as well as emerging and middle-market companies. With one of the largest individual clients practices on the East Coast, the firm also has extensive experience assisting individuals and their families, fiduciaries and tax-exempt entities plan for the future.
Each year, certain estate, gift and GST tax figures are subject to inflation adjustments. For 2018, the annual exclusion amount for gifts increases to $15,000.
Each year, certain estate, gift and GST tax figures are subject
to inflation adjustments. For 2018, the annual exclusion amount for
gifts increases to $15,000. As mentioned above, the current version
of the tax bill will double the estate, gift and GST exemption. The
annual exclusion amount for gifts made to a noncitizen spouse in
2018 is increased to $152,000.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
