[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-149827-en":3,"doc-seo-149827-105":30,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},149827,1374391974585,"Genevieve","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",7,"Healthcare","Estate planning strategies - Estate tax exclusion and planning under the OBBBA","Estate planning strategies to help individuals maintain control of their financial legacy amid changing federal and state tax rules. Covers determining beneficiaries, handling special circumstances such as children with special needs, and planning for probate and potential federal and state tax liabilities. Explains how the One Big Beautiful Bill Act (OBBBA) permanently raises the estate and gift tax exclusion to $15 million per individual in 2026, sets a 40% tax rate above the exclusion, and introduces related GST treatment. Also outlines practical actions like funding trusts, repositioning trust assets, anticipating state taxes, and preparing for beneficiaries’ income tax impacts.","Estate planning strategies and you  \nHow you can keep control of your financial legacy and navigate an uncertain tax environment  \nConsider adopting the following goals to help ensure your wishes are carried out as you intend:  \n· Determine your beneficiaries.  \n· Plan for special considerations such as children with special needs or spendthrift ways.  \n· Account for potential federal and state tax liabilities and probate costs. These important goals can benefit from proper planning regardless of future tax law changes.  \nThe current situation  \nThe One Big Beautiful Bill Act (“OBBBA”) -signed into law on July 4, 2025-permanently raises the estate tax exclusion amount to $15 million per individual in 2026 (effectively $30 million for married couples) with future adjustments for inflation.  \nHighlights  \n· Under the OBBBA, the estate and gift tax exclusion is $15 million in 2026 (indexed for inflation), meaning the first $15 million of an estate or lifetime taxable gifts is not subject to federal gift and estate taxes.  \n· Unused exclusion at the first death of a married couple may be passed to the surviving spouse — meaning married couples may have a combined exclusion of $30 million under the OBBBA — provided the executor of the first spouse’s estate files proper and timely documentation.  \n· The estate and gift tax rate on the taxable amount above the exclusion is 40% .  \n· The generation-skipping transfer (GST) tax also has a $15 million exemption and a 40% rate.  \nThe only thing that remains certain is that Congress will continue to make changes in tax law — especially given the need to address  \nthe budget deficit and increasing expenses. With so many questions and so few answers, what can you do now to address estate issues?  \nFIXED LIFE INSURANCE  \nNOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT BANK, CREDIT UNION OR SAVINGS & LOAN GUARANTEED  \n291452 W (5/26)  \nDid you know?  \nA brief history of federal estate taxes  \n· U.S. estate taxes have been around in some form nearly since the country’s founding.  \n· The original asset tax assessed at death, the Stamp Act of 1797, required a stamp on wills in probate — its main purpose was to help pay off debt from a naval conflict with France.  \n· In 1862, the federal government created an inheritance tax which was repealed in 1870.  \n· The 16th Amendment to the Constitution enabled the federal government to impose a wider range of taxes and set the stage for the Revenue Act of 1916, which ushered in the era of the modern estate tax — essentially a tax on the privilege of transferring property at death.  \n· For those who think estate taxes will never go higher, consider that estate tax exclusions and rates have varied widely as shown in the graph below.  \nEstate Tax Exclusions and Top Rates, 1916-2026  \nIndividual Exclusions  Top Tax Rate  \nSource: Based substantially on U.S. Department of the Treasury, Internal Revenue Service: U.S. Department of Commerce, Bureau of Economic Analysis.  \n1916  \n1926  \n1936  \n1946  \n1956  \n1966  \n1976  \n1986  \n1996  \n2006  \n2016  \n2026  \nAre you prepared?  \nWhile you probably can’t accurately predict the future tax environment, you can focus on your estate planning goals. Tax planning is only one element of estate planning which should be addressed with a tax adviser or attorney. Similarly, the federal estate tax is only one of the potential tax issues that can arise when transferring assets from an estate. Estates well below the current $15 million federal estate tax exclusion can still benefit from estate planning.  \nMake plans that align with your wishes  \n· Planning for life — If you are currently gifting assets to others, determine if the gifts remain in line with your desire to transfer assets during your lifetime. Work with an attorney to be sure you have a power of attorney and health care directive in place authorizing a trusted person to make decisions on your behalf if you are unable to do so.  \n·","cbCaioDWaIEYJ9U1","https://ap.wps.com/l/cbCaioDWaIEYJ9U1","pdf",185888,1,4,"English","en",105,"# Estate planning strategies\n## The current situation: OBBBA highlights\n## A brief history of federal estate taxes\n## Are you prepared?\n## Make plans that align with your wishes\n## Key tax saving opportunities","[{\"question\":\"What does the OBBBA change for the estate and gift tax exclusion in 2026?\",\"answer\":\"Under the OBBBA, the estate and gift tax exclusion is $15 million in 2026 (indexed for inflation), so the first $15 million of an estate or lifetime taxable gifts is not subject to federal estate or gift taxes.\"},{\"question\":\"How can married couples potentially achieve a combined exclusion under the OBBBA?\",\"answer\":\"Unused exclusion at the first death may be passed to the surviving spouse, allowing married couples to use a combined exclusion of up to $30 million, as long as the executor files proper and timely documentation.\"},{\"question\":\"What strategies does the document suggest to reduce uncertainty in estate tax planning?\",\"answer\":\"It recommends focusing on estate planning goals beyond taxes, then taking concrete steps such as reviewing beneficiary designations, funding trusts, repositioning trust assets to use tax-deferred accumulation, and considering life insurance to help manage federal and state tax burdens at death.\"}]","Estate planning strategies - Estate tax exclusion and planning under the OBBBA | PDF",1787807868,10,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":28},"estate-planning-strategies-estate-tax-exclusion-and-planning-under-the-obbba","",{"@graph":36,"@context":84},[37,53,67],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/healthcare/",3,{"item":52,"name":13,"@type":43,"position":21},"https://docshare.wps.com/document/estate-planning-strategies-estate-tax-exclusion-and-planning-under-the-obbba/149827/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-08-27",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What does the OBBBA change for the estate and gift tax exclusion in 2026?","Question",{"text":74,"@type":75},"Under the OBBBA, the estate and gift tax exclusion is $15 million in 2026 (indexed for inflation), so the first $15 million of an estate or lifetime taxable gifts is not subject to federal estate or gift taxes.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"How can married couples potentially achieve a combined exclusion under the OBBBA?",{"text":79,"@type":75},"Unused exclusion at the first death may be passed to the surviving spouse, allowing married couples to use a combined exclusion of up to $30 million, as long as the executor files proper and timely documentation.",{"name":81,"@type":72,"acceptedAnswer":82},"What strategies does the document suggest to reduce uncertainty in estate tax planning?",{"text":83,"@type":75},"It recommends focusing on estate planning goals beyond taxes, then taking concrete steps such as reviewing beneficiary designations, funding trusts, repositioning trust assets to use tax-deferred accumulation, and considering life insurance to help manage federal and state tax burdens at death.","https://schema.org",{"og:url":52,"og:type":86,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":88,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,117,122,127,130,133],{"id":20,"doc_module":4,"doc_module_name":46,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":46,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":46,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":115,"slug":116},40,"healthcare",{"id":118,"doc_module":4,"doc_module_name":46,"category_name":119,"show_sort_weight":120,"slug":121},8,"Research & Report",30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":29,"doc_module":4,"doc_module_name":46,"category_name":131,"show_sort_weight":29,"slug":132},"Lifestyle","lifestyle",{"id":134,"doc_module":4,"doc_module_name":46,"category_name":135,"show_sort_weight":105,"slug":136},19,"General","general"]