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Estate planning attorney Paul Rabelai discusses the new rules for donations and estate tax exemptions in 2021. You can donate up to $15,000 to individuals without tax consequences, which can be adjusted annually based on inflation in increments of $1,000. Additionally, the IRS revises the estate tax exemption each year. It's essential to stay updated on these figures to maximize your gifting strategies and protect your heirs from the 40% estate tax.