Don't let the sun go down on your estate planning goals
Knowing that the sun is setting on the historically high lifetime gift and estate tax exemptions does nothing to advance your client's estate plan.
Not sure whether a particular client will be subject to estate tax after 2026? Check out John Hancock's estate tax calculator that can help you determine whether there might be any tax liability and, if so, potentially how much. This is a great tool that provides an estimate and to use when you are discussing the sunset with your wealthy clients.
For even more resources, check out below from John Hancock:
Clients have less than 22 months to leverage the all-time-high federal estate and gift tax exemptions increased under the Tax Cuts and Jobs Act (TCJA). Help them create tax-efficient estate plans using what the TCJA offers before itβs too late.
Small to midsize business owners are an important part of communities and can help strengthen the US economy. While business and financial planning may not always make it to the top of your busy to-do list, putting plans in place may be easier than you think.
The Liberty Company Insurance Brokers, LLC | Innovative Solutions Insurance Services, LLC, 222 N Pacific Coast Highway, Suite 2000, El Segundo, CA 90245, USA, | Liberty CA License #0D79653 | Innovative CA License #0C15062
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Disclaimer: Innovative Solutions Insurance Services does not give legal or tax advice. This information is general in nature, may be subject to change, and does not constitute legal, tax or accounting advice from any company, its employees, financial professionals or other representatives. Applicable laws and regulations are complex and subject to change. For advice concerning your individual circumstances, consult a professional attorney, tax advisor or accountant. Underwriting offers are subjective and still subject to carrier requirements and full underwriting interpretation.