This newsletter is going to probably seem a little bit like a teaser.

But it’s not. :)

I just want to get you thinking about the future now.

Not strategy.

Not tactics.

Not action.

Just thinking.

I think when it comes to estate planning there’s a tendency to hear a little bit, and then a bunch, of information, and feel like something has to be done NOW.

That’s the case.

You have time.

In fact, you have exactly until December 31, 2025 (for now).

What happens then?

That’s when the current federal estate tax exemption lapses.

What does that mean.

It means what is right now 12.2 million dollars per person (double if if you are married) will (likely) significantly decrease around that time.

The good news is we know about this.

The bad news is, it’s so far away it’s often hard to strategize for.

So I’m going to help with that.

Over the next few weeks I’m going to be talking about some different things you can do to capture that exemption amount (if you use it and it goes down you don’t get penalized – so you want to use it – if it’s beneficial for you).

So buckle up and get ready for next week.

Cheers.

Christopher Small

PS – if you want some nuts and bolts estate planning and probate info you can see all of it on my YouTube channel – http://www.youtube.com/c/CMSLawFirmLLC

PPS – I’ve started making some content on tik tok that’s pretty interesting too – a LOT of real questions from real people. You can find that here – https://www.tiktok.com/@estateplanattorney