Are you wondering how the 2024 estate tax update could impact your financial future? With the 2024 Estate Tax Update: Act Now to Save Millions, Gilfix Law delves deep into the critical changes and deadlines surrounding estate and gift taxes that could save your family millions. This video is essential viewing for anyone nearing the significant thresholds of $12.92 million for individuals and $25 million for couples, as per the 2023 limits. Despite no dramatic changes from 2023 to 2024, the looming 2026 cliff could halve these exemptions, dramatically affecting estates in high-value areas like California where property values are skyrocketing.
Discover why making lifetime gifts before the exemption drops could be a game-changer for your estate planning. Gilfix Law covers everything from the annual gift exemption to advanced estate planning techniques that could protect upwards of $30 million, utilizing tools like lifetime access trusts and charitable remainder trusts. Additionally, we touch on the importance of considering all assets, including your home, retirement accounts, and life insurance policies, in your estate’s total value.
If your net worth is approaching or exceeds these critical numbers, it’s time to act. Contact Gilfix Law at gilfix.com or call 650-493-8070 to set up a meeting and begin safeguarding your estate against future tax liabilities. Whether you’re new to estate planning or looking to update your existing plans, our team is ready to provide the expertise and guidance you need.
CHAPTERS:
0:00 – 2024 Estate and Gift Tax Updates
1:20 – Importance of Estate Tax Awareness
5:20 – Strategies to Minimize Estate Taxes
9:10 – Consultation for Estate Tax Planning
9:42 – Charitable Remainder Trusts Explained
9:55 – Estate Planning Webinar for Wealthy Families
10:15 – Join Our Exclusive Client Community
This video is presented for educational purposes only. It is not meant to provide legal advice. For us to provide you with legal advice, we need to meet with you to understand your specific issues.
To make an appointment, call us at 650-493-8070 or visit our website: www.gilfix.com
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