What Is A Unified Credit?

Video Transcription:

The unified credit is against the estate tax or gift tax so I can give my children or others asserts either now when I’m alive or at death. Either way I’m entitled to a certain credit. Right now, it’s a very big credit, a little bit over $11 MIL, although under current rules, it comes back to approximately $6 MIL in the year 2027. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys