[WSBAPT] 2015 U S estate tax exemption

[John J. Sullivan]

See Rev. Proc. 2015-53. Lifetime exemption $5.45m. I don't find an increase in the gift tax annual exclusion. 

John Sullivan

Sent from my iPhone

> On Dec 10, 2015, at 10:29 AM, Sandra Bates Gay <sgay at sbglaw-wa.com> wrote:
> 
> If further information on changes to exemptions has been circulated since the e-mail exchanges in September (below), I have missed the updates.  Does someone have a good overview or reference on the status of increases?
>  
> Sandi Gay
> SANDRA BATES GAY, P.S.
> Attorney at Law
> 23515 NE Novelty Hill Rd.
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> Redmond, WA  98053-1996
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> From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Thomas M. Culbertson
> Sent: Tuesday, September 29, 2015 10:06 AM
> To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
> Subject: Re: [WSBAPT] 2015 U S estate tax exemption
>  
> Several sources (CCH, etc) are predicting the estate and GST exemptions to increase in 2016 by $20,000, to $5,450,000. Annual exclusion to remain at $14k.  If the WA exemption goes up by the same % as the federal one, it should be about $2,062,000.
>  
> ________________________________________
> THOMAS M. CULBERTSON  I  Lukins & Annis, PS
> 717 W. Sprague Ave, Suite 1600, Spokane, WA 99201
> (509) 455-9555  I  fax (509) 363-2500  I  tculbertson at lukins.com
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> From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Dan J. Cadagan III
> Sent: Monday, September 28, 2015 2:41 PM
> To: 'WSBA Probate & Trust Listserv'
> Subject: Re: [WSBAPT] 2015 U S estate tax exemption
>  
> Fed tax exemption for 2015 is $5.43M.  Up from $5.34M in 2014. Haven’t heard yet what 2016 will be.
>  
> Dan J. Cadagan III
> Attorney at Law
> Spokane, WA
> 1-509-744-3440
> Dan at CadaganLaw.com
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> From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Josh Grant
> Sent: Monday, September 28, 2015 1:46 PM
> To: wsbar trust
> Subject: [WSBAPT] 2015 U S estate tax exemption
>  
> Is the exemption for 2015 still $5,340,000 or did it go up in 2015?  What will it be in 2016?
>  
> thanks
>  
> Joshua F. Grant, PS
> Attorney at Law
> P. O. Box 619
> Wilbur, WA 99185
> tel 509 647 5578
> fax 509 647 2734
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