2025 Wealth Planning and Philanthropy Strategies

Overview

With the U.S. election results in 2024 setting the stage for significant changes in tax legislation, the administration is expected to prioritize extending the Tax Cuts and Jobs Act of 2017 (TCJA) and potentially repealing parts of the Inflation Reduction Act, which may lead to adjustments in corporate taxes and individual tax provisions. As we navigate these changes, it is important for individuals and businesses to stay informed and proactive in their planning approach. There are a number of immediate strategies you might consider to help you meet your financial, wealth-transfer, and philanthropic goals. 

Your planning strategies should include: 
 

  1. evaluating your asset allocation and location
  2. establishing an annual gifting plan
  3. preparing for charitable giving
  4. analyzing wealth transfer strategies in a higher-interest rate environment
  5. reviewing you current estate plan
  6. considering using the high lifetime tax exemption
  7. assessing roth conversion
  8. reviewing important retirement age

Advisor Thinking

Publish Date