Estate Planning
What the “Big Beautiful Bill” Means for the Estate Tax Exemption
On July 4, 2025, President Trump signed into law the Opportunity, Balance, and Better Budget Act , better known as the “Big Beautiful Bill.” One of the most consequential provisions in this sweeping legislation is Section 70106, which directly affects high-net-worth individuals and families by permanently extending and expanding the federal estate and gift tax exemption. What Section 70106 Does This section makes several key changes: Permanently extends the federal estate and gift tax…
July 11, 2025