Tax and Estate Planning

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Spousal Lifetime Access Trusts Offer Flexibility in Asset Protection and Estate Planning
Baker Tilly
For married couples looking to use their lifetime gift exemptions and protect their assets, spousal lifetime access trusts (SLATs) are an attractive option. Planning to use the increased exemption
Build Back Better: Understanding the House Act
Northern Trust
The U.S. House of Representative passed the Build Back Better Act, the second component of the White House’s ambitious spending plan, on November 19, 2021. Among the most significant provisions
Year-End Tax Planning Strategies to Consider before 2022
BMO Family Office
With possible tax law changes on the horizon, it can feel daunting to make any moves before knowing the outcome. But year-end is still a good time to get your financial house in order and fine-tune
House Releases Rewrite of Build Back Better Tax Proposals
BDO
The House Budget Committee released a version of H.R. 5376 (the Build Back Better Act), which eliminated many of the previously proposed tax increases that would have impacted individuals. However,
Third Time's the Charm?
BDO
The House Budget Committee released a third version of H.R. 5376 (the Build Back Better Act) on November 3, 2021. This draft increases the state and local tax deduction, brings back many of the
Update on Proposed Tax Changes Affecting Estate Planning
Warner Norcross + Judd
The White House released a retooled framework for the Build Back Better Act on October 28, 2021. Notable aspects of the Biden framework that will affect estate planning include estate and gift tax
Triage Tax Planning in the US: Adapting to an Uncertain Tax Bill
Cambridge Associates
The Build Back Better Act recently introduced in the US House of Representatives includes many tax provisions that would significantly impact US taxpayers. However, any major bill’s road from
2021 Year-End Planning and Tax Checklist
BNY Mellon Wealth Management
With so many potential tax changes ahead, it's time to make sure you're checking all the boxes on things you can do to protect your wealth. Now is the time to ensure your wealth plan reflects
Family Offices and Tax Changes: Considerations from the House Proposal
RSM US
Family offices anticipating a variety of tax law changes now have more details to consider. How would the tax law changes proposed by the House Ways & Means Committee affect family offices and
Tax Implications of Residency Changes
Baker Tilly
Residency changes are often fraught with uncertainty from a tax perspective. States are not known for easily letting go of tax revenue and will often fight hard to keep it. If you have you relocated