Pre-liquidity planning in 2024 will be anything but dull. The increased lifetime estate and gift tax exemption from 2017’s Tax Cuts and Jobs Act will soon expire and rules on qualified small business stock (QSBS) are evolving. Simultaneously, states are cracking down regarding domicile migration and regulations on philanthropic giving are changing.

That’s all happening amid persistent uncertainty on interest rates. The following article discusses what business owners should know—and how they should prepare.