Current Developments Legislative Update: Biden Administration Priorities, Senator Sanders’ Proposals, and Deemed Sales upon Gifts and at Death (April 2021)

Ronald D. Aucutt

Apr 16, 2021
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This update from Senior Fiduciary Counsel Ronald D. Aucutt addresses federal tax legislative proposals that could affect estate planning, including:

  • Observations, building on what we learned in last year’s presidential campaign, about the Biden Administration’s likely priorities.
  • This year’s version of Senator Bernie Sanders’ biennial proposals.
  • Recent “deemed sale” proposals that would tax unrealized appreciation in property transferred by gift and at death or held by certain trusts.

If you would like to read more of this article, please download the PDF via the link above.