Alerts5.18.21
Unprecedented Changes Proposed to Gift and Estate Tax Laws
Highlights
Current estate, gift and generation-skipping transfer tax exemptions and tax rates may be affected if new tax legislation passes
President Biden’s American Families Plan would eliminate the step-up in basis upon death
The proposed For the 99.5% Act includes provisions that could significantly affect how wealth is transferred and restrict widely used estate planning techniques
Under a new administration, proposed tax legislation has been introduced that could significantly impact individual tax and estate tax planning. While it is not clear if, or when, any of these proposals will be enacted, it is vitally important to be prepared and plan ahead.
Keep Up to Date in a Changing World
Do you want to receive more valuable insights directly in your inbox? Visit our subscription center and let us know what you’re interested in learning more about.
