July 2018 Archives

If you have not updated your Minnesota estate plan since the new Tax Cuts and Jobs Act went into effect on January 1 of this year, you may wish to do so. One of the TCJA’s major provisions is the doubling of the federal estate tax exemption which increased from $5.9 million to $11.2 million for an individual. For married couples, the federal estate tax exemption is now $22.4 million.