Income & Estate Tax Reform Bundle

The likely estate tax policy from Senator Sanders, Senator Wyden, and the President all lean towards lower estate tax exemptions, higher graduated estate tax rates and a reduction in minority interest and marketability discounts. This raises the complex question of whether it is prudent to incur gift tax and, secondly, whether it is wise to incur estate tax at the first death. These have been questions that estate planners have struggled with from 1986 through approximately 2011 and now these same struggles are presenting themselves again. For most couples who experienced the death of the first spouse in 2020 or 2021, it is critical not to file the 706 at nine months but to extend the estate tax return. Additionally, the possibility of the Van Hollen gain realization bill (STEP) becoming law adds to the complexity.

2020 was an unbelievable time we will long remember and 2021 just began with a bang – The Democrats taking control of Congress and federal tax policy.  Although the crisis may abate in 2021, the rate of tax policy change will likely increase. The “Blue Wave” along with the fiscal stimulus from Congress will have tremendous implications for your clients given the likelihood for significant tax changes directed towards wealthy Americans.

Whether, you’re a financial advisor, CPA, or attorney, clients will be looking to you for the best income and estate tax strategies

This bundle will provide, ideas, tips, and tools to minimize your client’s tax liabilities.