Planning Ahead for the Sunsetting of the Tax Cuts and Jobs Act Exemptions

Estate planners discuss strategies for the sunsetting TCJA exemptions, focusing on flexible trusts, spousal trusts, and valuation clauses. They cover trust flexibility enhancements with powers of appointment, trust protectors, and decanting. Wealth transfer planning obstacles and solutions are explored, including spouse exclusions and adapting strategies for optimal wealth transfer. Planning considerations for the end of TCJA exemptions are discussed, highlighting bonus exemptions, innovative gifting strategies, and understanding expiring provisions.