Estate and Gift Tax Certainty at Last: Planning Under the Permanent $15 Million Exemption of the OBBB Act

[vc_row triangle_shape="no"][vc_column][vc_column_text css=""] A Historic Shift in Wealth Transfer Policy [/vc_column_text][vc_column_text css=""]On July 4, 2025, President Donald J. Trump signed the One Big Beautiful Bill (OBBB) Act into law—a sweeping federal tax package with dramatic implications for estate and gift taxation. Most notably, the Act permanently increased the federal estate, gift, and generation-skipping transfer (GST) tax exemption to $15 million per individual ($30 million per married couple), indexed annually for inflation starting in 2027. This change did far more than expand a tax benefit: it marked a fundamental turning point in U.S. wealth transfer policy. For the first time in decades, estate planners...