Beth Kaufman Analyzes Impact of 2020 Election on Estate Planning on ABA Webinar
The apparent results of the 2020 election are that Joe Biden is president-elect, the Democrats have a smaller majority in the House of Representatives, and the Senate will either be controlled by the Republicans or evenly divided with the Vice President breaking any ties. This likely makes the enactment of major tax law changes more difficult.
Our speakers will analyze the possible impact of the election on estate planning, including:
- President-elect Biden’s gift, estate, and GST tax proposals
- Timing of any changes
- Steps clients should consider taking now to prepare for potential changes
- Building flexibility into the plan
- Income tax planning considerations