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American Yacht Form R12

American Yacht Form R12

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hey there I'm estate planning attorney Paul rabay and in this video I'm going to let you know both what the new 2024 tax rules are that relate to Estate Planning and I plan to give you some insight on how future rules and Trends should make you think about your own personal estate planning so first let me simply share the new rules and the new numbers for people who died in 2023 the federal estate tax exclusion amount was $12.92 Million this means that someone who died in the year 2023 could pass along assets totaling $12.92 million in value without being subject to the 40% federal estate tax for most Americans the 2023 12.92% but in 2024 the estate tax exclusion was as scheduled adjust Ed for inflation so that for people who pass away in 2024 the federal estate tax exclusion is a whopping $13.61 million which represents an increase of $690,000 over 2023 and in a moment after I share with you the rest of the new IRS numbers that relate to estate planning I'll go

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