Jay Scharf

Jay Scharf

McDermott Will & Schulte

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Soaring Estate and Gift Tax Exclusions and GST Tax Exemption Offer Temporary Window for Maximizing Wealth Transfer

At the beginning of 2023, the Internal Revenue Service (IRS) increased the amounts individuals can gift free of federal gift and generation-skipping transfer (GST) tax. The amounts now stand at $12,920,000 for individuals and...more

9/1/2023  /  Estate Planning , Estate Tax , Estate-Tax Exemption , Generation-Skipping Transfer , Gift Tax , Gift-Tax Exemption , IRS , Tax Planning
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