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