Trusts & Estates Update – Spring 2019

With the onset of the 2018 tax season, the impact of the Tax Cuts and Jobs Act (Pub. L. No. 115-97) (“TCJA”), passed quickly at the end of 2017 is becoming more apparent. One year after the enactment of the new law, its wide-ranging effects on both individuals and companies are coming more clearly into focus as taxpayers search for opportunities and tax savings in the changed environment. Of the many modifications enacted by the TCJA that affect individuals, the changes to the estate and gift tax laws now provide taxpayers (especially higher net worth taxpayers) with an historic opportunity to transfer wealth to successive generations. This section of our Trusts & Estates Update examines a few of the important gift planning opportunities resulting from the TCJA.

Click to read the Trusts & Estates Update. 

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