Estate Planning and the New (Proposed) Tax Bill
By: Joshua B. Glaser, Esq., LL.M. - November 21, 2017
By now, many high net worth individuals have become familiar with the highlights of the GOP’s proposed tax bill released this month. The portion of the bill on which this article will focus is the proposed overhaul with respect to the estate tax. Since the release of the bill, we have received much feedback with the extremely misguided theme of, “Trump is repealing the estate tax, thus my problems are solved.”
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.