A closer look Low Rates, High Hopes, and (Maybe) Higher Taxes: Estate Planning for 2021 and Beyond

Mark R. Parthemer

Dec 28, 2020
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In Brief

  • President-elect Biden has indicated his desire to make major federal tax law changes, including changes to laws impacting estate planning. 
  • Of course, any changes in tax law require congressional legislation, and at this point, we don’t know when such a bill will be introduced, how the provisions will line up with campaign rhetoric, if it will be successfully passed, and if so, when it would take effect. 
  • In an environment of low rates, market volatility, and uncertainty regarding future tax laws, several potentially useful estate planning opportunities present themselves. In this A Closer Look, we explore some of the techniques we are discussing with our clients right now.
Senior Fiduciary Counsel
Mark is responsible for working with clients and their advisors to develop practical and efficient wealth transfer plans and for guiding the firm on fiduciary issues.