Sanders bill

On March 29, 2021, Senator Sanders (Independent, VT) proposed a bill that, if enacted, would diminish substantially the effectiveness of the allocation of generation skipping transfer (GST) tax exemption to a trust that does not terminate…

Ever since the middle of 2020, there have been rumblings in the estate planning profession; murmurs of tax proposals waiting in the wings, the anticipation mounting as the federal elections (eventually) concluded and the White House and…

This form is offered as a starting template for client letter regarding the tax proposals introduced by Senators Sanders and Van Hollen in March of 2021.

What a difference in estate tax an election can make! Democratic estate tax proposals could dramatically alter estate and related planning. Clients should act now. While it is impossible to forecast what tax and expenditure changes will…