What May Happen and What You Can Do Now The House Ways and Means Committee has now released its plan for tax changes, some of which may become law and take effect on January 1, 2022, or even sooner. Released earlier this week, this proposed legislation contains several changes to tax laws, including increased individual […]
The current governmental spending, tax, financial and political climate is provoking great concern regarding controlling and preserving assets. Be proactive in protecting your wealth – consider reviewing your estate, business and tax planning options in advance of the expected “Blue Wave” Spending + Tax changes. The time to plan is now. Transferring assets in-trust can […]
Right now, high estate tax exemptions, historically low interest rates and valuation discounting, along with proposed Biden administration tax reform to cover pandemic debt, have created a “perfect storm” for estate and tax planning. But this window of opportunity is not expected to remain open for long. Transferring your assets to a trust now can […]
Tax Planning Major Changes Anticipated The Georgia runoff election held Tuesday resulted in Democrats winning both Senate seats. Given the Democratic presidency and majority in the House of Representatives, it is likely that we will see major changes to the estate and gift tax rules that could significantly limit opportunities for estate and tax planning. […]
Tax Planning: Major Changes Anticipated January 07, 2021 Share Twitter Facebook Linkedin Mail Copy link The Georgia runoff election held Tuesday resulted in Democrats winning both Senate seats. Given the Democratic presidency and majority in the House of Representatives, it is likely that we will see major changes to the estate and gift tax rules […]
