Tax Proposals

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…

Senator Chris Van Hollen and others have introduced a bill (called STEP) that would cause gain recognition on assets transferred by gift, by a distribution from a trust and upon death, subject to limited exceptions. It would be retroactive…

The 2020 election demonstrated that the projected Democratic sweep did not occur. Former Vice President Biden won the Presidency but that is still being challenged. The Republicans have control of the Senate it appears, but two runoff…

Election Day 2020 is now behind us. As of this writing, most election results are in, though opinions vary about when we will know the full makeup and distribution of power between the Executive and Legislative branches. Court…