Federal tax legislation lays out estate tax regime through 2025

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By Lindsey Paige Markus

Lindsey Paige Markus, a shareholder at Chuhak & Tecson P.C., draws on her early career in business, finance and clinically applied neuroscience to communicate with clients and develop creative solutions to fit their estate planning, wealth protection and corporate needs. Lindsey is a dynamic contributor to local news outlets such as NBC 5 Chicago, Fox News Chicago and WCIU, and has been recognized as one of the 40 Illinois Attorneys Under Forty, a Woman Making an Impact in the Law, an Illinois Super Lawyer and a Leading Lawyer. Lindsey is licensed in Illinois and Florida and has a national practice.

Posted January 10, 2019 9:46 AM

The Tax Cuts and Jobs Act contained dramatic changes to many provisions of the tax code and has drastically changed the estate and gift tax climate from now through 2025. A closer examination highlights planning considerations in the estate and gift tax arena for 2019 and beyond.Increase in exemption amountsBased on the year in which you die, the federal government allows a portion of your estate to pass estate tax-free, commonly referred to as the “exemption amount.”Individuals are also allowed the ability to …

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