On January 1, 2014, the federal estate tax exemption (and lifetime gift tax exemption) increased to $5,340,000 per person.  This represents a $90,000 increase from $5,250,000 in 2013.  Keep in mind the federal estate and gift tax exemption is “unified”.  Use of federal gift tax exemption during your lifetime will reduce the amount of federal … Continue reading 2014 Brings Increase in Federal Estate and Gift Tax Exemption