The 2026 Estate Tax Exemption Cliff and How to Plan

In this episode of The Tax Strategy Podcast, Lucas and Luna break down the 2026 estate tax exemption sunset—a provision set to cut the federal exemption from $13.61 million to roughly $6 million per person, effective January 1, 2026. They explain what the change means for wealthy families, how the portable exemption works between spouses, and why gifting before year-end could be a smart move. Lucas walks through the basics of federal estate taxes, including the 40 percent top rate, and contrasts the federal rules with varying state thresholds. They also touch on common misconceptions, like the myth that only billionaires pay estate taxes, and practical planning strategies, including annual exclusion gifts and irrevocable trusts. If you have assets approaching the exemption threshold or just want to understand the coming tax landscape, this episode offers a clear, jargon-free guide to navigating the 2026 estate tax cliff. #EstateTax #EstatePlanning #TaxPlanning #WealthTransfer #InheritanceTax #GiftTax #TaxCliff #2026Tax #EstateExemption #Trusts #EstateLawyer #FinancialPlanning #TaxStrategy #Finance #WealthManagement #FexingoBusiness #BusinessPodcast #TaxTips Keep every episode free: buymeacoffee.com/fexingo