Preserving Wealth Across Generations

Preserving wealth across generations is a fundamental goal for many high-net-worth (HNW) individuals and families. Central to achieving this goal is navigating the complex landscape of estate taxes and leveraging strategic financial planning tools, such as permanent life insurance. Let’s explore the current state of estate taxes, the impending changes with the sunset of high exemption levels, strategies for paying estate taxes and the pivotal role of life insurance in enhancing wealth transfer efficiency and preserving family legacies.

Current Landscape and Implications

The 2024 federal estate tax exemption is $13.61 million per individual or $27.22 million for married couples. This means that estates valued below these thresholds are exem…