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ARTICLE · 22 DECEMBER 2025

Private Client Services 2025 Year-End Advisory

Wiggin and Dana LLP
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As the new year approaches, we present our annual year-end advisory for 2025.

United StatesTax
Wiggin & Dana
Wiggin & Dana

As the new year approaches, we present our annual year-end advisory for 2025. This edition highlights noteworthy estate and gift tax changes and outlines planning opportunities for year-end and beyond. We also take a moment to recognize some of our accomplishments in 2025 and provide our outlook for the new year.

2026 ESTATE, GIFT, AND GST TAX EXEMPTIONS

Federal Estate, Gift, and GST Tax

Exemption. The One Big Beautiful Bill Act (OBBBA), which was signed into law earlier this year, makes permanent certain transfer tax provisions of President Trump's 2017 Tax Cuts and Jobs Act (TCJA) that were set to expire. For example, the increased exemptions from federal estate, gift, and generation-skipping transfer ("GST") tax under the TCJA were scheduled to sunset in 2026 and drop to around $7,000,000 per person. Now, under the OBBBA, and effective January 1, 2026, those federal exemptions will be permanently set at $15,000,000 per taxpayer, an increase of $1,010,000

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