Estate Planning for Business Owners: Avoiding the 2026 Tax Cliff
Recent legislation — the One Big Beautiful Bill Act (OBBBA)—abolished the 2026 “tax cliff” by making the estate and gift tax exemption permanent at $15 million per individual (or $30 million per couple), with inflation indexing. The long-standing concern that the exemption would revert to roughly $7 million in 2026 has now been eliminated.