Beth Kaufman Comments on Assets in Trusts in WSJ
The Wall Street Journal
Presidential candidate Bernie Sanders proposed an annual wealth tax topping out at 8% for the richest Americans, offering the farthest-reaching Democratic plan to pay for expanded government programs and break up concentrated fortunes.
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The proposals so far don’t address how to handle assets in trusts, and Beth Shapiro Kaufman, an estate-tax lawyer at Caplin & Drysdale, said at a conference Tuesday that this would be important.
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