Gunster attorney Seth Mersky, a shareholder in the firm’s Private Wealth Services practice, spoke with the Financial Advisor regarding the approaching reduction in federal gift and estate tax exemption in 2026. The current exemption levels will change in 2025, prompting advisors to encourage clients to take advantage of the higher limits now.
In the article, Mersky explains that taking action now can preserve $28 million in assets that won’t be taxed when they die. “Using your lifetime exclusion is very powerful because it takes assets out of the estate, which would otherwise be subject to a 40% estate tax at death, plus a potential second-generation skipping tax,” Mersky said.
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Seth J. Mersky is a shareholder in the firm’s Private Wealth Services group where his practice focuses on U.S. international tax and international estate planning for high-net-worth individuals, family offices, and multinational businesses. He is the firm’s principal contact for international tax and international estate planning in the Miami office.
