One Big Beautiful Bill Brings Big Estate Planning Opportunities
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, bringing with it exciting updates for families, business owners, and individuals across the country—especially those focused on estate planning.
The bill makes a significant and permanent increase to the federal estate, gift, and generation-skipping transfer (GST) tax exemptions, creating new planning opportunities that can bring peace of mind and long-term savings for families here in Colorado.
A New Era for Estate Planning
Starting January 1, 2026, the federal exemption amount for estate, gift, and GST taxes will rise to $15 million per individual, or $30 million for married couples. This change means that more wealth can be passed on—tax-free—to your loved ones and future generations.
Rather than facing uncertainty or reduced exemptions, families now have a clearer and more generous planning framework for building long-term legacies.
Why This Matters for Colorado Residents
Colorado does not have a state estate or inheritance tax, which means Colorado residents benefit directly and fully from this new federal exemption increase.
If you live in Colorado, this is your chance to review your estate plan with confidence, knowing that the tools available to you are among the most favorable in the nation.
Big Benefits—Even If You Are Not a Billionaire
You may not think of yourself as having a "taxable estate," but between home values, retirement accounts, business interests, and life insurance, many Colorado families are closer to these thresholds than they realize.
Even if your estate falls well below $15 million, there are still great reasons to plan now:
Avoid probate delays and costs
Ensure your wishes are honored
Create a smooth transition for your family
Build a lasting legacy for children and grandchildren
Confidence Through Clarity
The most powerful thing this new law provides is clarity. For the first time in years, families can plan without worrying about dramatic shifts in federal estate tax thresholds. This makes it the ideal time to take action and ensure your plan reflects your current goals and assets.
You Have Options. We Help You Use Them.
At Independence Legal Group, we help Colorado families turn legal changes into lasting opportunities. Whether you want to protect your home, support your children, or prepare for the future of your business, we are here to guide you every step of the way.
The law just made your planning potential bigger and brighter. Let us help you use it.
