On Thursday, January 30, 2020, the Tax Committee held another Tax Club dinner at Wu Liang Ye. The attendees discussed estate planning in light of the current transfer tax landscape with a specific focus on estate planning for the moderately wealthy, including both tax and non-tax ramifications. With the increase in estate and gift tax exemption as a result of tax reform, fewer individuals will be subject to transfer taxes. However, everyone should still have an essential set of documents prepared, and individuals who have at least $5.5 million in assets should consider taking advantage of the increased exemptions before these provisions sunset in 2026. Thanks to everyone who attended. To learn more about the Tax Committee go to https://www.aabany.org/page/453 .