The TCJA doubled the lifetime gift and estate tax exemption this year to an inflation-adjusted $11.18 million. But it can still pay to make lifetime gifts. First, gifting removes future appreciation from the estate, saving estate tax for taxpayers with very large estates. Second, the higher exemption isn’t permanent, so taxpayers who don’t have to worry about estate tax now might have to when the doubling expires after 2025. Third, there are nontax benefits, such as succession planning or the pleasure of seeing loved ones enjoy the gifts. Contact us for details.