Estate planning isn’t a one-time task. It’s an ongoing process shaped by personal circumstances and changing laws. Key federal exemptions are expected to change soon. As a result, proactive planning is essential to preserve wealth and avoid unnecessary tax exposure.
At Triangle Estate Lawyers, we help clients build flexible, tax-efficient estate plans. We ensure they reflect current laws while preparing for what’s ahead.
Why Tax Law Changes Matter in Estate Planning
Tax laws directly impact how much of your estate is passed on to loved ones versus how much may be subject to federal taxation. With key federal exemptions set to change in the near future, proactive planning is essential to preserve wealth and avoid unnecessary tax exposure.
Current Tax Landscape (As of 2025)
- Federal Estate Tax Exemption:
Currently $13.99 million per individual. However, under current law, this exemption is scheduled to sunset and drop to approximately $7 million per person beginning in 2026. - Annual Gift Tax Exclusion:
Individuals may gift up to $19,000 per person per year without triggering federal gift tax reporting requirements. - North Carolina Estate Tax:
North Carolina does not currently impose a state estate tax, but federal rules still apply.
What Families Can Do to Prepare
With estate tax changes in 2025 when approaching, many families are updating their estate plans to reduce risk and preserve wealth. Being proactive now can help you stay ahead of shifting laws and preserve family assets.
Estate Planning Strategies in a Changing Tax Environment
Estate tax changes in 2025 are approaching. As a result, many families are updating their estate plans to reduce risk and preserve wealth. Consider integrating the following tools into your plan:
Irrevocable Trusts
By transferring certain assets to an irrevocable trust, individuals may remove those assets from their taxable estate. This strategy can reduce future estate tax liability while preserving control through the trust’s terms.
Lifetime Gifting
With the current high federal estate tax exemption in place, individuals may consider making significant gifts now to “lock in” the benefit before the exemption potentially drops in 2026.
Charitable Lead Trusts (CLTs)
A CLT allows you to support charitable causes while reducing your taxable estate. These trusts give income to a chosen charity for a set time. After that, the remaining assets go to your beneficiaries.
Annual Plan Reviews
Major tax law changes and personal life events should trigger a review of your estate plan. We recommend reviewing your documents annually to ensure they remain aligned with your financial goals, family needs, and the legal landscape.
Planning Now Prevents Stress Later
While estate planning tax changes in 2025 may create uncertainty, one thing remains constant: families benefit most when they plan ahead. Working with an experienced estate planning attorney helps you identify tax-saving opportunities. You can make informed decisions that adapt to new laws without sacrificing your goals.
At Triangle Estate Lawyers, we help individuals and families navigate the intersection of estate planning and tax law with clarity and confidence. Our team can help you navigate estate tax changes in 2025 with clarity and confidence.
Call 919-851-3717 or schedule a confidential meeting with our team.
Learn more about our services at www.TriangleEstateLawyers.com.