Comment on Death tax repeal makes estate tax planning more important than ever

Death tax repeal makes estate tax planning more important than ever

President Donald Trump's proposed tax plan includes repealing the "death tax," a controversial tax that affects the wealthiest .002 percent of Americans. But chances are the repeal won't be permanent, making estate tax planning extremely difficult. Wealthy individuals shouldn't assume that a repeal makes planning unnecessary. Nor should they continue making irrevocable transfers without considering all possible tax outcomes over decades to come. The proposed legislation is unlikely to garner the…

 

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