This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2841.
Time may be of the essence for married taxpayers who want to protect their assets and preserve their estates. The result of the January 5th Georgia runoff election for two hotly contested US Senate seats could severely limit opportunities for married taxpayers, regardless of the outcome.
As COVID cases rise throughout the country, the plunging economy and rising deficit may force federal and state governments to consider additional tax legislation. Practitioners need to be alert to possible broad changes to the wealth transfer laws and factor them into any planning that might still be completed before the end of the year.
To read the full article, click here.
No related posts.