Vance Antonacci of McNees Wallace & Nurick. Courtesy photo Four Estate and Tax Planning Opportunities in an Uncertain Environment
The scheduled changes to the current tax laws and the potential for tax law changes prior to the cliff, as was attempted last year by the Biden administration, create ambiguities for clients and challenges for practitioners. Despite this uncertainty, there are planning opportunities for clients in the right situations.
April 27, 2023 at 11:12 AM
7 minute read
Since 2017, estate planning attorneys have seen a steadily increasing exemption amount and an environment where an increasing number of clients are engaging in long-term, generation-skipping planning. However, we are seemingly again headed for a planning "cliff" on Dec. 31, 2025. The scheduled changes to the current tax laws and the potential for tax law changes prior to the cliff, as was attempted last year by the Biden administration, create ambiguities for clients and challenges for practitioners. Despite this uncertainty, there are planning opportunities for clients in the right situations.
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