Late last year, Congress passed and President Trump signed into law the most comprehensive tax reform package since the 1986 Act. Within that bill was a major change to how much each taxpayer can deduct for the state and local (e.g. income, real...
While the recent tax overhaul bill was extensive, and at times difficult to parse through, the provisions regarding estate tax were fairly uncomplicated and taxpayer-friendly. How has the Tax Cuts and Jobs Act affected Estate Taxes?
If you are in the midst of estate planning and are considering a transfer via gift or are in the process of completing a transfer, you should consider moving quickly to close on your transaction. Here's why: