3 Considerations For Building Flexibility Into Trusts
When the Tax Cut and Jobs Act (TCJA or Act) was passed in December 2017, many high net worth individuals and families were ecstatic. The new laws provided for a doubling of the federal estate, gift and GST tax exemption amounts, as well as the continuation of both the spousal portability provision and the step-up in tax basis for property passing at death.
However, many estate planners were…
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