November 19, 2020 | 2:00 pm - 3:00 pm
WEBINAR + INTERACTIVE Q&A
Strategies for Transferring Wealth Before the Transfer Tax Exemption is Reduced
Join FBC Technical Advisor Gina Lera, Attorney at Lera Tiberini PC as she presents important information on the best wealth transfer strategies and what you need to do to prepare for potential changes in federal estate and gift law.
With November 2020 election result outcomes still being determined across the nation, there is one area all family businesses should pay attention to. Under new tax legislation, the current estate and gift tax exemption of $11.580M could be substantially reduced to $3.5M effective retroactively on January 1, 2021. As a result, the “enhanced” exemption amount available under current federal law could be lost if not utilized by year-end. But, even under existing federal law, the enhanced estate and gift tax exemption of $10 million (indexed for inflation at $11.580M for 2020) is slated to expire in 2026. Absent legislative action, the exemption amount will be reduced by half in 2026 regardless of election outcomes and new tax legislation.
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WHEN: Thursday, November 19 | 2:00 pm
WHERE: Online Webinar through Zoom (Login information will be available after you register.)
This special webinar is free and will be recorded for viewing at a later time.