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Sunsetting estate and gift tax law provisions

An insightful conversation to help you take advantage of today’s gift and estate laws

The 2017 Tax Cuts and Job Act reduced individual income tax rates and allowed families to pass on even more wealth ― estate and gift tax free. That tax provision currently allows individuals to pass $13.6 million dollars and couples to pass $27.2 million dollars to their heirs without paying any gift or estate tax. Without changes to the current tax law, those exemption amounts are set to be significantly reduced at the end of 2025. “There are people that don't think they have a taxable estate today but when they wake up on January 1st, 2026, they'll, in fact, have a taxable estate,” says Kevin Hindman, Wealth Strategies Executive, Bank of America.

Our wealth strategies advisors discuss this in greater detail, how it will impact you and what actions you might consider taking based on your planning and wealth transfer goals.



Katie Carlson headshot

Katie Carlson,
Head of Wealth Strategy,
Bank of America Private Bank

Kevin Hindman headshot

Kevin Hindman,
Wealth Strategies Executive,
Bank of America

Jennifer Erdelyi headshot

Jennifer Erdelyi,
Head of Charitable Planning,
Planning Center of Excellence,
Bank of America Private Bank

Wendy Gatlin headshot

Wendy Gatlin,
Wealth Strategies Advisor,
Bank of America Private Bank

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