The Federal Estate Tax Exemption: Use It or Lose It
We are pleased to announce that our next dinner meeting will be held in person on Wednesday, December 14, 2022, at Giovanni’s II/The Water’s Edge. We will kick off the meeting with cocktails and networking from 5:45pm to 6:30pm, followed by dinner and a presentation by Stacey McMahan, JD, CLU, ChFC on The Federal Estate Tax Exemption: Use It or Lose It.
The Tax Cuts and Jobs Act of 2017 temporarily doubled the federal estate and gift tax exemption. This presentation will discuss the opportunity to transfer at least an extra $5 million (indexed for inflation) for individuals and at least $10 million (indexed for inflation) for married couples. This session will also explore how wealthy individuals can take advantage of the temporarily increased federal estate tax exemption before 2026, to include using a Spousal Lifetime Access Trust (SLAT) and the role of life insurance.
Attend this presentation to learn (1) Potential issues with respect to taking advantage of the temporarily increased federal estate tax exemption (2) Overcoming how to use the temporarily doubled estate tax exemption rather than losing it; and (3) Overcoming how to potentially retain control and access to the gifted assets using a SLAT.
Stacey McMahan, JD, CLU, ChFC, is a Senior Consultant in the Advanced Designs Department at Pacific Life Insurance Company. Stacey received her Bachelor of Science degree in Chemistry Education from The Ohio State University and her Juris Doctor (JD) degree from Pepperdine University School of Law. She holds the Chartered Life Underwriter (CLU) and the Chartered Financial Consultant (ChFC) designations from the American College. Stacey is a member of the State Bar of California.
Guest Attendees: The guest fee is $85 and guest attendance by a professional colleague is limited to two dinner meetings or breakfast webinars within a two-year period. Eligible guests and professionals that work and/or live in Fairfield County can apply for EPC-LFC membership by completing a membership application, accessible on our website (www.epclfc.org). Questions regarding membership or the application process can be addressed by Travis L. Hood, CPA/PFS, our First Vice President, Membership, at 203-327-5717or Travis@kahansteiger.com.
Please click on the document link below for registration details.