Estate Planning Provisions In The One Big Beautiful Bill Act

On July 4, 2025, the One Big Beautiful Bill Act (the Act) was signed into law, ushering in a series of important changes to federal estate planning, charitable giving, and tax laws. The Act introduces several key provisions that will impact individuals, families, and fiduciaries engaged in estate and charitable tax planning. Some key takeawys from this bill are provided below:                          

1. The Act permanently extends the doubled gift, estate, and generation-skipping tax exclusion amount to $15 million per individual and $30 million per married couple, indexed for inflation.
2. The Act broadens 529 plan qualified expenses and introduces “Trump” accounts with a $1,000 government contribution for eligible children, allowing additional contributions up to $5,000 indexed for inflation.
3. The Act reduces the minimum holding period required for Qualified Small Business Stock, as well as increasing the threshold for eligibility and the flat cap on maximum excludable capital gain.

For more information see Raveet Phull “Estate Planning Provisions In The One Big Beautiful Bill Act,” Mondaq, July 25, 2025. 

Special thanks to Mark J. Bade (CPA, GCMA, St. Louis, Missouri) for bringing this article to my attention.