Update German Inheritance Tax 2026
German inheritance tax remained unchanged at the turn of the year 2025/2026. The general allowance under Section 16 of the German Inheritance Tax Act (ErbStG), therefore, remains at EUR 400,000 for children and EUR 200,000 for grandchildren. The tax rates for children under German inheritance tax…
Concerns about a reduction in the U.S. Estate and Gift Tax exclusions? Make a gift now to benefit from historical exclusion levels.
The U.S. Treasury provided clarity for estate planners and their clients by issuing regulations that confirm that individuals who make gifts now seeking to benefit from current exclusion levels (basic exclusion amount of $11.4 for 2019) will not be adversely impacted after 2025 should the exclusion…
Estate Tax: Effect of the Tax Cut and Jobs Act on German Domiciliaries
On December 22, 2017, Public Law 115‑97 ("Tax Cuts and Jobs Act") was enacted. Sec. 11061 of the Act more than doubles the estate and gift tax exemption amount for decedents dying or gifts made after December 31, 2017, and before January 1, 2026, by increasing the basic exclusion amount…