United States

Estate and gift tax planning in the aftermath of the 2016 election


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In the aftermath of the 2016 election, the tax planning scene is murky at best. Much, if not all, of the existing wealth transfer tax structure (estate, gift and generation-skipping transfer taxes) could be repealed or recast in the coming year by the Trump administration and Congress. But, we don’t know what will be repealed; nor do we know when any repeal would be effective. What’s more, certain key income tax aspects of estate planning may be in play. It’s difficult for individuals to determine whether estate planning objectives are better served by acting before year-end or by deferring any action until they can more clearly assess the long-term implications of a major gift or other estate planning transaction. 

As we wait to learn more about tax reform in the coming weeks and months, revisiting your estate plan now will help ensure you have a well-positioned estate and gift plan no matter what the wealth transfer tax system looks like at this time next year.

This white paper, a companion piece to RSM’s 2016 year-end tax and estate planning webcast held Nov. 16, 2016, addresses important estate and gift tax considerations when reviewing your current estate plan.

  • The current wealth transfer tax system
  • Estate and gift tax reform proposals
  • Checking the foundation of the current estate plan
  • Tax planning for year-end and beyond, including charitable planning and insurance planning

For assistance with tax planning in the face of uncertain reform contact our tax professionals

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