Sentences with phrase «higher federal estate tax exemption»

Not exact matches

Second, another negative of a life insurance trust is it may no longer be necessary since the Federal estate tax exemption amount is so high.

The American Taxpayer Relief Act of 2012 increased the federal estate tax rate from 35 % to 40 %, but left in place the higher exemption level, which reached $ 5.49 million in 2017 (up from $ 5.45 million in 2016); both provisions are now permanent.