Congress has passed the One Big Beautiful Bill Act of 2025—a sweeping overhaul of federal tax law with serious implications for your Florida estate plan. While pundits are still dissecting the details, one thing is clear: your current estate plan may be outdated.

At Welch Law, PLLC, we help  families in Jupiter and Palm Beach Gardens stay ahead of the law—and ahead of the IRS. Here’s what you need to know about the 2025 tax law and why now is the time to reevaluate your estate strategy.

1. Estate and Gift Tax Exemption Raised to $15 Million

The federal exemption has been permanently raised to $15 million per individual and $30 million for married couples. That’s a windfall for families with significant assets—but also a window of opportunity.

Don’t wait until Congress changes course. A shift in political power could slash the exemption back to pre-2017 levels. Lock in today’s favorable rates with proactive wealth transfers, gifting strategies, and trust structures.

2. Trust Income Tax Rules Have Changed—Permanently

The 2025 Act modified how trusts are taxed—forever. That means it’s time to:
• Review irrevocable and revocable trust structures
• Reconsider income-shifting and distribution strategies
• Reduce the risk of heirs getting hit with excessive tax burdens

Smart planning today could mean millions saved tomorrow.

3. State-Level Estate Taxes Still Matter

While Florida has no state estate tax, many of our clients own property or businesses in other states. Those states may have their own inheritance or estate taxes—and some are tied to the new federal rules.

Now is the time to:
• Review cross-border planning
• Reassess situs of trusts
• Strategically consolidate or divest out-of-state holdings

4. Long-Term Care and Medicaid Are Under Pressure

The 2025 law tightens federal budgets for Medicaid and other public programs. If you—or your parents—are counting on government assistance, beware: the rules are shifting.

Private long-term care insurance and Medicaid asset protection trusts are more important than ever for middle-class families looking to preserve their hard-earned wealth.

5. Retirement Accounts Need a Second Look

The Act made permanent changes to:
• IRA distribution rules
• Roth conversion strategies
• Income shifting thresholds

That means your 401(k), IRA, or Roth may no longer align with your estate plan. Coordination is key to minimize tax exposure and maximize generational wealth.

6. Business Succession Just Got More Complicated

New valuation and transfer rules affect:
• Family businesses
• Closely held corporations
• Real estate partnerships

Now is the time to revisit your buy-sell agreements, liquidity planning, and transition strategy. A bad exit plan can undo decades of work.

7. Your Legacy Deserves More Than Guesswork

Even if you don’t think these changes apply to you, remember: estate planning is about where you’re going—not just where you are.

If you haven’t reviewed your plan in the past 12 months, you’re behind.
If your net worth exceeds $3 million, this law affects you.
And if you care about your children, spouse, or charitable goals—you need clarity, not confusion.

Let Welch Law Be Your Family’s Guide

At Welch Law, PLLC, we help clients throughout Jupiter, Palm Beach Gardens, and the Treasure Coast proactively plan around new tax laws, market shifts, and family dynamics. Your Florida estate plan shouldn’t be set in stone—it should evolve with the law and your life.

📍 Office: 641 University Blvd, Suite 108, Jupiter, FL 33458
📞 Schedule your 2025 Tax Law Estate Review today at (561) 413-9536
🌐 Visit www.welch.law

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Bottom Line:
✅ The exemption is high—for now.
✅ The rules have changed—permanently.
✅ Your plan needs a fresh look—immediately.

Your legacy deserves more than a signature. It deserves a strategy.

By:  Edward J. Welch, Esq. ||| Estate Planning | Wills | Trusts | Asset Protection

If you would like to discuss your legacy options with an estate planning attorney in Jupiter or Palm Beach Gardens, Florida, schedule a complimentary call with Edward J. Welch at Welch Law, PLLC.  At Welch Law, WE WANT TO DRAFT YOUR LEGACY!

Reference: Forbes (July 7, 2025) “10 Reasons To Reevaluate Your Estate Plan Following The 2025 Tax Law”