IRS Changes Make Planning Urgent
While all that is certain in this life is death and taxes, and we know that we’re not immortal, we always hope we have more time. However, even if we are all blessed with many more years of life, there is a new law that means getting organized now is critical. In 2025, the estate and gift tax exemptions of the 2017 Tax Cuts and Jobs Act (TCJA) are expiring with potentially disastrous consequences for some families.
Often, without proper planning, families need to sell off property to just pay the taxes. This can mean that families lose homes, farms, and valuable heirlooms, destroying the legacy previous generations have worked so hard to build.
Financial experts are warning Americans that they need to take action now so that they don’t miss the chance to save on estate taxes and place a huge burden on their families.
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