A closer look Low Rates, High Hopes, and (Maybe) Higher Taxes: Estate Planning for 2021 and Beyond
Dec 28, 2020
- 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.