For millions of Americans, the country’s recent transition to a new administration will have a significant impact on tax and estate planning. This is particularly true for high-income earners and high-net worth individuals, but even those with more modest incomes and assets may be affected. In general, many families who have been safe from exposure to estate taxes and other forms of inheritance tax for the past decade are going to find themselves incorporating estate planning into their overall financial planning strategy.
Tag Archives: federal estate tax
The Federal Estate Tax May Be on the Chopping Block—But What Is It, Exactly?
One of the regular campaign promises President Donald Trump made on his way to the White House was a repeal of the estate tax, commonly referred to by critics as the “death tax.” Its repeal would be a controversial decision for a variety of reasons, with many proponents of the tax arguing that it would […]