High Net-Worth Estate Planning Strategies

Welcome to the Better Wealth Show! Today, we have Celeste Boy and Chris Digel from the Robin Glutton team, experts in estate planning for high net-worth families. With the upcoming election, changes in tax laws could significantly impact estate planning. Join us as we delve into advanced planning strategies and how wealthy individuals protect and pass on their wealth.

Meet Our Experts

• Celeste Boy: Over 20 years in estate planning and tax mitigation.
• Chris Digel: Partner at Robin Glutton, specializing in income and estate planning.

Key Topics Discussed

1. Estate Tax Exemption and its Potential Sunset
2. Advanced Gifting and Estate Planning Strategies
3. Implications of Political Changes on Estate Tax Laws

Key Insights on Estate Tax Exemption Sunset

Currently, the estate tax exemption is set to change at the end of 2025. If no action is taken, it will drop significantly, affecting high net-worth individuals. Here's what you need to know:

• The estate tax exemption is currently high, but it can change depending on political scenarios.
• Without proper planning, there's a potential 40% to 55% estate tax on wealth exceeding the exemption threshold.

"It's important to plan today, as the IRS has mentioned they won't claw back gifts made under the current exemption." – Chris Digel

Actionable Steps for High Net-Worth Individuals

With potential changes on the horizon, consider the following:

• Review and update your estate plan to maximize the current exemption.
• Consider advanced gifting strategies to reduce taxable estates.
• Consult with your attorney or CPA to determine the best course of action.

For more information and detailed strategies, connect with Robin Glutton and stay ahead of estate planning changes.