Election 2020: Will Estate Planning Ever Be the Same?
Overview
New tax legislation is most likely to happen if next year the Democratic Party controls the Senate, the House of Representatives, and the White House. Now is the time to develop a contingency plan that can be implemented depending on the outcome of the U.S. election. Planning strategies that can be customized to the needs of each family are available, including taxable gifts, pre-fund life insurance trusts, spousal access trusts, intra-family loan, dynasty trusts, and GRAT planning.