{"id":861,"date":"2020-12-17T12:41:00","date_gmt":"2020-12-17T17:41:00","guid":{"rendered":"https:\/\/actec.matrixdev.net\/?post_type=video&p=861"},"modified":"2023-11-16T07:29:12","modified_gmt":"2023-11-16T12:29:12","slug":"estate-tax-exemption","status":"publish","type":"video","link":"https:\/\/actec.matrixdev.net\/resource-center\/video\/estate-tax-exemption\/","title":{"rendered":"When Should I Use My Estate and Gift Tax Exemption?"},"content":{"rendered":"\n
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The estate tax exemption is the maximum value of assets an individual can leave to their heirs upon death without incurring federal estate tax. The estate tax exemption is the total amount of gifts an individual can give to others during their lifetime without incurring gift tax. The lifetime gift tax exemption amount was $11.58 million in 2020 and increased to $11.7 million in 2021. It is essential to understand that this exemption is scheduled to decrease to six million dollars in 2026.<\/p>\n\n\n\n

ACTEC Fellows Jean Gordon Carter<\/a> and Larry H. Rocamora<\/a> review the basics and discuss how it works.<\/p>\n<\/div>\n\n\n\n

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Jean Gordon Carter<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Larry H. Rocamora<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Learn about the significance of gift tax exemption and estate tax exemption when considering a lifetime gift in estate planning. 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