Now That the Election Is Over ...

Action Steps to Take Before Year End

 

With the presidential election now over, President-Elect Joe Biden is expected to make some major changes after his inauguration in January 2021, including reducing the federal gift and estate transfer tax exemption (currently at $11.58 million) and eliminating the step-up in basis. To optimize estate planning, we are advising our clients to utilize their exemptions by making gifts prior to year end. Watch our latest video on post-election estate planning and find out what we're recommending for our clients to do right now.

 

Time is of the essence, so please watch this short video and then give us a call to discuss the steps you can take to ensure your estate plan is ready for the new year. For more details, please contact Morris Law Group or call (561) 750-3850.