Madison-Jefferson County Extension: New Federal Legislation

This is one of a series of articles focusing on estate and legacy planning. Authors are Kaleena Miller, Madison-Jefferson County Extension Agent, kaleena.miller1@montana.edu, and Marsha Goetting, MSU Extension Family Economics Specialist, marsha.goetting@montana.edu.

While Congress passed and the President signed into law new legislation early in July, the 900-page document presents challenges for sorting out what applies to most people. We are highlighting several of the provisions.

Federal Estate Tax Exemption: The federal estate tax exemption is currently $13,990,000 for those who die in 20...