• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Thompson Law, PLLC

Estate & Business Planning Attorneys in Sioux Falls, South Dakota

605-362-9100
Estate Planning Attorneys Licensed in Iowa, Minnesota, Nebraska and South Dakota
  • Home
  • Our Firm
    • About Our Firm
    • Client Testimonials
    • Employment Opportunities
    • Our Team
  • Services
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Review
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Succession Planning
    • Trust Administration & Probate
  • Español
    • Sobre Nuestra Firma
    • Administración de Fideicomisos y Sucesiones
    • Servicios de Planificación Patrimonial
    • Protección de Bienes & Planificación Empresarial
  • Reports
    • Advanced Estate Planning
    • Basic Estate Planning
    • Estate Planning for Niches
    • Trust Administration
  • Resources
    • DocuBank
    • Elder Law Reports
    • FAQs +
      • Estate Planning
      • Families Without an Estate Plan
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Trust Administration & Probate
    • Newsletters
    • Professional Resources
  • Seminars
  • Contact Us
  • Blog

Biden Administration Could Reduce Estate Tax Exclusion

February 4, 2021 by Academy of Estate Planning Attorneys

president joe biden

The estate tax exclusion is the amount you can give without facing an estate tax. Under current law, you may give this amount during life or at your death and after that amount is used, you face a federal tax of 40% on assets beyond that amount. The amount has fluctuated a great deal over the years. It was $675,000 as recently as 2001. In 2021, the exclusion is a whopping $11.7 million per person. This exclusion consists of a “permanent” exclusion of $5 million, adjusted for inflation since a … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion

Filed Under: Legal Education, Estate Planning Tagged With: estate planning, applicable exclusion

Primary Sidebar

News Categories

  • Video
  • Legal Education
  • Estate Planning
  • Event
  • Coffee with Carolyn
  • Estate Planning
  • General

Follow Us

  • Facebook
  • LinkedIn
  • YouTube

Thompson Law, PLLC

Thompson Law, PLLC.
5027 S. Western Avenue
Sioux Falls, SD 57108
Phone: 605-362-9100
Fax: (605) 362-9101

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 12:00 PM

Footer

Footer Logo

The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

Privacy Policy | Terms of Service | Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys

© 2022 Thompson Law, PLLC, All Rights Reserved.