Integrating Estate Planning and Borrowing: Uncovering Opportunities Under the New Tax Law

Tax reform has necessitated a reevaluation of many individual’s estate plans. It significantly increased the ability of high-net-worth individuals and families to pass wealth free of estate, gift, and generation-skipping transfer (GST) taxes, while increasing the importance of income tax planning due to changes to income tax rates and brackets, as well as standard and itemized deductions. In many cases, borrowing or leverage strategies can be a critical component to protect wealth for your family by minimizing risk and reducing taxes.