Thanksgiving is just weeks away and 2020 is not far behind – weren’t we just thinking about Y2K –  so as 2019 winds down consider taking steps to help reduce your estate tax exposure (and might also entice the children to show up for the holidays). Think about more than just holiday gifts – The 2019 exemption from the federal gift, estate, and generation-skipping transfer tax is $11,400,000 ($22.8 million for a married couple) and will increase in 2020 to $11,580,000. The annual gift tax exclusion is $15,000 so that an individual can gift $15,000 without using her exemption.  A… Read more