As 2025 begins, clients and advisors should be proactively planning to optimize their wealth strategies. With potential tax changes, the sunsetting of certain exemptions, and evolving regulations, staying ahead of these shifts is crucial. Below are five key strategies to consider for wealth preservation and tax efficiency in 2025.
1. Utilizing Spousal Lifetime Access Trusts (SLATs) Before the Sunset
The current estate and gift tax exemptions are set to sunset at the end of 2025, likely reducing the exemption amount from approximately $14 million per person to around $7 million. To take full advantage of the current limits, high-net-worth individuals should consider funding SLATs for their spouses.
February 12, 2025 | Financial Planning
As 2025 begins, clients and advisors should be proactively planning to optimize their wealth strategies. With potential tax changes, the sunsetting of certain exemptions, and evolving regulations, staying ahead ...
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No Medicare surprises for 2025. As expected, the standard monthly premium for Medicare Part B enrollees will be $185, up $10.30 from 2024. The annual ...
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