The temporary doubling of the federal gift and estate tax exemption is viewed by some people as a “use it or lose it” proposition. In other words, you should make gifts now to take advantage of the exemption before it sunsets at the end of 2025 (or sooner if lawmakers decide to reduce it earlier). But giving away wealth now isn’t right for everyone as there may be tax advantages to keeping assets in your estate. Determining the right time to transfer wealth can be difficult, because so much depends on what happens to the gift and estate tax regime in the future. It may be possible to reduce the impact of this uncertainty with carefully designed trusts. Contact us for more information.