My wife and I both Age 70 recently inherited which now puts our joint assets over $10 million. We basically lived on SS benefits and pension so our assets will continue to grow and may someday exceed a reduced exemption limit. With the uncertainty of estate tax exemption, we were thinking if we needed to execute some step in 2025. If we did nothing new, we would just rely on the surviving spouse portability of the unused exemption and perhaps some partial disclaimer of assets to allow a portion of the estate to flow to our two daughters when the first of us pass.
Not sure if we need to proactively do anything in 2025.
Are we missing anything here (by not taking action in 2025) ?
Not sure if we need to proactively do anything in 2025.
Are we missing anything here (by not taking action in 2025) ?
Statistics: Posted by CB1023 — Thu Dec 26, 2024 10:26 am — Replies 5 — Views 189