Sailing Into the Sunset? The Unified Gift and Estate Tax Lifetime Exemption, Set to Sunset and Revert to Pre-Tax Cuts and Jobs Act Levels in 2026, Says Otherwise

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,[1] 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.[2] However, these figures are indexed annually for inflation, so the current threshold amount in 2022 is $12.06 million.[3] 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[4]—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.

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Natalie Earles’ LLR Lagniappe article cited by Louisiana Supreme Court

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:

Brad Oster Cited in Gulfport Energy Corporation v. FERC

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:

Louisiana Supreme Court Cites Louisiana Law Review Alum

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:

Volume 83 Junior Associates Announced!

The Louisiana Law Review Volume 83 Board of Editors and Senior Associates would like to extend our congratulations to the newly selected Volume 83 Junior Associates. It is a great honor to be selected as a Junior Associate, and we are very excited to introduce them to you!

The Louisiana Law Review Editorial Board and Senior Associates welcome the following:

Mark Ackai

Haley Baker

Megan Broussard

Matthew Clark

Zachary Crawford

Sydney Curtis

Brendan Cuti

Lance Delrie

Elise Diebold

Madeline Earles

Evan Gaudet

Tyler Hays

Joseph Kaiser

Tess Layton

Tyler LeBlanc

Julien LeBlanc

Jake Lee

Nathan Long

Tamra Manfredo

Caroline McCullars

Trystan Melancon

Paige Meno

Corey Rackler

Taylor Roos

James Truett