Trust & Estate Planning Strategies for 2023

With 2022 bringing very little change to trust and estate law, 2023 remains a prime opportunity to take advantage of current trust and estate tax benefits. The provisions under the Tax Cuts and Jobs Act (TCJA) are still in effect, but many of them are scheduled to sunset at the end of 2025, or even sooner if Congress enacts changes.

Most notably for estate planning purposes, the TCJA doubled the estate, gift, and generation-skipping transfer (GST) tax exemptions. Adjusted for inflation, the current federal estate, gift and GST exclusion amount is $12.92 million for 2023. That is more than double the pre-TCJA amount, which the law will revert to in 2026.

Take full advantage of this favorable tax landscape with help from Grassi’s Trust & Estate advisors, who have outlined the best trust and estate strategies you should consider this year.

Click the button below to read more, and contact your Grassi advisor or  Rozleen Giwani, Partner in our Private Client Services practice, to get started on maximizing your wealth-preservation and tax-savings potential.