Estate Tax Exemption Sunset 2026 - Trace Brooks

BSPE Legal Marketing Podcast

From Trace Brooks Law – In this episode, we explore the Estate Tax Exemption Sunset 2026 and how it will impact estate planning for Atlanta residents. The upcoming changes under the Tax Cuts and Jobs Act (TCJA) will lower the current federal estate tax exemption, reducing the amount individuals can pass to their heirs without incurring federal estate taxes. These changes could have significant implications, especially for those with high-value estates in Atlanta.
As the estate tax exemption is set to decrease, it is crucial for Atlanta residents to review their estate plans and consider various strategies to protect their assets. From utilizing trusts like the Grantor Retained Annuity Trust (GRAT) and Irrevocable Life Insurance Trust (ILIT) to revisiting gifting strategies, these tools can help minimize estate tax liability and ensure a smooth transfer of wealth to future generations.
We also discuss how Georgia estate planning laws interact with federal tax rules. While Georgia does not impose its own estate tax, the upcoming federal changes may still affect residents’ estate plans. Trusts, charitable giving, and proper asset valuation play a pivotal role in mitigating tax exposure, especially for high-net-worth individuals in Atlanta.
Finally, we dive into how life insurance and strategic financial planning can help cover potential estate tax liabilities. Engaging with knowledgeable legal and financial professionals can provide essential guidance, ensuring your estate plan is aligned with the changing tax landscape. Tune in to learn more about how Trace Brooks Law can help you prepare for the 2026 sunset and safeguard your estate.
Trace Brooks Law
1275 Peachtree St NE #525, Atlanta, GA 30309
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https://www.google.com/maps?cid=16944830140697754407