The House Ways and Means Committee recently proposed various income and transfer tax increases on wealthy and high-income individuals, estates and trusts. These increases are part of the plan to generate the revenue needed to support reconciliation bill spending. If enacted, the proposals will have a significant impact on wealthy individuals’ financial and estate planning. What should you be considering now?
Watch the 60-minute recorded webcast where we discussed the following:
- The current tax policy environment and how the proposed changes may affect wealthy individuals
- Factors to consider in evaluating your current estate plan
- What to consider from an income tax perspective