Category:
Estate Planning
The estate tax exemption amount is quite high (over $12 million in 2024 with a possible reduction to about $7 million per person in 2026). As a result, many Texans do not have a large enough estate for estate taxes to apply, though other types of taxes may apply. When estate taxes are a factor, CPA, financial advisor, and attorney should work together to put together a plan, which will be far more complicated than plans that aren’t designed to avoid taxes.
