The federal estate tax is a major source of concern for high-net-worth individuals. It carries a 40 percent maximum rate, and it is potentially applicable on the portion of an estate that exceeds the exclusion.
In December of 2017, the Tax Cuts and Jobs Act was enacted, and it contains a provision that radically increased the exclusion. It was $5.49 million throughout the 2017 calendar year, and the exclusion was raised to $11.18 million for 2018.
This has been the standard since then, and there have been annual adjustments to bring the exclusion in line with inflation. During the current calendar year, the contact form to send us a message.
Estate Planning Attorney at Nirenstein, Horowitz & Associates, P.C.
Jeffrey A. Nirenstein is a founding partner and vice president of the law firm of Nirenstein, Horowitz & Associates, P.C. He received his bachelor of arts degree in government from Clark University and his law degree from New York Law School.
Mr. Nirenstein is licensed to practice before the courts of the State of Connecticut and the United States District Court. He is a member of the Connecticut and Hartford County Bar Associations, and the Estate and Probate, Elder Law, Business Law and Real Estate Sections of the Connecticut Bar Association.
Mr. Nirenstein is licensed to practice before the courts of the State of Connecticut and the United States District Court. He is a member of the Connecticut and Hartford County Bar Associations, and the Estate and Probate, Elder Law, Business Law and Real Estate Sections of the Connecticut Bar Association.
Latest posts by Jeffrey A. Nirenstein, Estate Planning Attorney (see all)
- Connecticut Estate Administration: 5 Things You Need to Know About Probate - August 18, 2026
- High-Net-Worth Estate Planning: Strategies to Preserve Your Wealth - July 30, 2026
- How to Use a Living Trust to Stagger an Inheritance - July 23, 2026
Understanding the Probate Process and How to Avoid It
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