Take Advantage of the Estate Tax Exemption Today

As we look to 2025 with a new president, one of the most pressing topics is what will happen to the Tax and Job Cuts Act of 2017 passed during President Donald Trump’s first administration. Much of that bill is expected to expire in 2026, including several aspects of estate planning.

The biggest change could cost your estate millions of dollars if you do not act now – a significant decrease in the estate tax exemption.

Before the Trump tax law was passed, families did not have to pay estate taxes on roughly the first $6.5 million in an estate. The new law increased that exemption to the 2025 level of $13.6 million.

Without any change, the exemption will go down to approximately $7 million in 2026. That simple change could cost your heirs millions of dollars.

The attorneys at The Orlando Law Group can work with you to find ways to limit your estate’s tax liabilities, regardless of who is in office.

How Does the Election Affect My Estate Tax?

The reality of the situation with the tax law is that it may not matter who is in the White House for this exemption. That is because the exemption is not something easily overturned. After all, the law was written with sunset provisions in place.

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