Articles
My articles are intended to provide information that may be helpful to your situation and are for informational purposes only.
Recent Release of Rev. Proc. 2022-32 and Its Potential Impact on Surviving Spouse’s Future Federal Estate and Gift Tax Liability
With this extension, certain surviving spouses will now have the opportunity, with the increased exemption from their decedent spouse’s DSUE amount to apply to the surviving spouse’s subsequent transfers during life or at death, to avoid/reduce federal gift and estate tax liability upon their own death. This benefit will become increasingly valuable if the federal lifetime exemption amounts are dramatically reduced, as current envisioned and further discussed below.
For Informational Purposes Only; No Representations
Information on this website, including all released articles, has been prepared for general and informational purposes only. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. Law Offices of Gideon T.J. Alpert, LLC does not guarantee its accuracy or completeness or suitability as well as takes no responsibility and makes no warranty whatsoever for the content or information contained herein.