This year was busy for trusts and estates practitioners. With 2025 marking the final year of the Tax Cuts and Jobs Act (TCJA), many of its implications for federal corporate and individual income tax, gift, estate and generation-skipping transfer (GST) tax and fiduciary income tax are set to sunset on January 1, 2026. At that time, the prior transfer tax exemption amounts (indexed for inflation, using the chained consumer price index (CPI) figure) will be restored. This, alongside cooling…By: Katten Muchin Rosenman LLP
Read More