IRS raises the estate and gift tax exemption to $11.4 million per individual
What does that mean for you?
If you die and are worth over $11.4 million, be prepared to pay taxes!
Sounds crazy for most of us, but hey, this can include all insurance policies with your other assets.
But like Gerry W. Beyer at the Texas Tech Univ. School of Law says in his article: IRS Announces Higher 2019 Estate and Gift Tax Limits, “Even if you are not ultra rich, the increase is a reminder that every person needs an appropriate estate plan.”
Have your plan reviewed, if your plan has problems, the wrong people can get your life’s work, and that may include the IRS . . .