Federal Bar Association

The Gift That Keeps on Giving: Federal Estate and Gift Tax Changes

On December 22, 2017, President Donald Trump signed into law new tax legislation (“Tax Bill”) that includes a significant change in the federal estate and gift tax. This landmark legislation delivers $1.5 trillion dollars of tax cuts in various areas, including estate and gift taxes. The Tax Bill creates a number of estate and gift planning opportunities as well as challenges.

At the Federal Bar Association’s 42nd Annual Tax Law Conference on March 9, 2018, esteemed speakers will provide an introduction to the wide range of gift and estate tax planning issues. Industry leaders with in-depth knowledge and expertise shall address what the potential impact of these gift and estate changes mean for you and your clients. Speakers will break down all aspects of the new Tax Bill and provide insight that leads to clarity and confidence for your clients regarding an area of law that is highly complex.

Join the Federal Bar Association Section on Taxation at the Ronald Reagan Building and International Trade Center in Washington, D.C. on March 9, 2018 for the Tax Law Conference. Sign up on or before January 26, 2018 at www.fedbar.org/taxlaw18 to enjoy reduced registration rates. Ethics, CLE, and CPE credit will be available.

In 2017, an individual could give or transfer at death up to $5,490,000 without paying estate or gift taxes. Under the changes in the Tax Bill that Congress passed and President Trump signed into law in the final days of 2017, these amounts will more than double for 2018.  The law increases the gift and estate tax exclusion from $5,490,000 in 2017 to approximately $11,200,000 beginning on Jan. 1, 2018. Accordingly, married couples will be able to shield more than $22,000,000 from federal estate tax. These transfer tax cuts will revert to pre-enactment levels as of Jan. 1, 2026, the sunset date.

The doubling of the federal estate, gift, and generation-skipping transfer tax exemptions has important consequences for many people.  Study strategies to make sure estate plans stay up to date with client needs and current regulations at the upcoming Tax Law Conference. This symposium will featuring comprehensive discussions of estate and gift tax planning techniques, including charitable planning issues; ethics for estate planning; life insurance in estate planning; and legislative developments and outlook.

Speakers will guide you through the estate tax and gift tax changes while identifying the most advantageous ways to structure and coordinate your client’s overall estate plan. What opportunities does the increased gift exemption provide to transfer wealth to the next generation?  What estate planning tools should clients use? Investigate these and other questions at the 2018 Tax Law Conference on March 9. Assess important tax developments and documents in sessions featuring notable speakers from the IRS, Treasury Department, Department of Justice, White House, and Congress.  Register today at www.fedbar.org/taxlaw18.


Stacy Slotnick, Esq. holds a J.D., cum laude, from Touro Law Center and a B.A., summa cum laude, from the University of Massachusetts Amherst. She performs a broad range of duties as an entertainment lawyer, including drafting and negotiating contracts; addressing and litigating trademark, copyright, patent, and other IP issues; and directing the strategy and implementation of public relations, blogging, and social media campaigns.