California Estate Planning Blog by Kevin Staker

March 7, 2018

IRS Announces Estate and Gift Tax Exemptions for 2018 by Kevin Staker

Filed under: Uncategorized — Kevin Staker @ 9:24 am

IRS Announces Estate and Gift Tax Exemptions for 2018

The IRS has announced the estate and gift tax exemptions for 2018.  In Revenue Procedure 2018-18, the IRS announced the exemptions will be $11,180,000.  The Revenue Procedure is part of Internal Revenue Bulletin 2018-10, released on March 5, 2018.  Kevin Staker states that the IRB may be found at

Therefore, Kevin Staker shares that a married couple can now shelter at least $22,360,000 from estate tax through the use of bypass trusts, estate tax exemption portability, gifts, and other estate tax planning devices.

However, if the law does not change, in 2025, we will go back to a $5,600,000 exemption adjusted for inflation.

You are advised to see your estate planning attorney to get proper advice on this issue.  In particular, if you are a married couple, all your children are of this marriage, and your total estate between the two of you is under $5,600,000, you should have a “simple” trust.   A simple trust remains as one trust at the death of the deceased spouse.

By Kevin Staker


Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: