by Jack Aguillard
With the federal gift and estate tax lifetime exemption amount currently set to sunset and return to pre-Tax Cuts and Jobs Act levels in 2026, tax and estate planning attorneys and other professionals are facing huge uncertainties. The gross estate threshold amount excluded from the estate tax will essentially be reduced by 50% from $10 million to $5 million. However, these figures are indexed annually for inflation, so the current threshold amount in 2022 is $12.06 million. Although these taxes affect a very small percentage of the American population—roughly only 0.2% of decedents paid the estate tax in recent years—they still create big issues. Specifically, attorneys and advisors in this area will soon be forced to speculate as to whether Congress will revive the current lifetime exemption limit or allow it to sunset, reverting back to the pre-Tax Cuts and Jobs Act amount.
We are thrilled to share that Natalie Earles’ Lousiana Law Review Lagniappe article, Stipulating Vicarious Liability to Avoid Direct Negligence Claims: Why This Relic of the Past Should be Abandoned in Louisiana, was cited this summer by the Louisiana Supreme Court in Martin v. Thomas. Read the Louisiana Supreme Court’s decision and Natalie’s article here:
We are thrilled to share that Brad Oster’s article, Reigning in Regulatory Overreach: FERC’s Role in Bankruptcy, published in Volume 82 of the Louisiana Law Review, was cited this summer by the US Court of Appeals for the 5th Circuit in Gulfport Energy Corporation v. FERC. Read the decision and Brad’s article here:
We are thrilled to share that the Louisiana Supreme Court cited to Olivia Guidry’s Comment Res Judica-duh! The Impermissible Expansion of Claim Preclusion Through Louisiana Code of Civil Procedure Article 425, published in Volume 82 of the Louisiana Law Review, in its recent decision of Carollo v. Department of Transportation and Development. Olivia is a Louisiana Law Review alum and served as the Editor-in-Chief of Volume 82. Read the Louisiana Supreme Court’s decision and Olivia’s Comment here: