February 20, 2026
Blogs
GRATs as an Estate Planning Tool for High鈥慛et鈥慦orth Individuals
The Federal gift and estate tax exemption (also known as the 鈥渂asic exclusion amount鈥) increased to $15,000,000 per individual for calendar year 2026. Taxpayers whose assets are subject to gift or estate tax despite the increased exclusion amount still have tax planning strategies to consider. A grantor retained annuity trust, or GRAT, allows individuals to implement an estate tax planning strategy even if they have already used their basic exclusion amount.