Estate Planning Considerations for 2021
Changes in transfer tax laws could be coming under the Biden administration, especially with the Democratic party holding slim majorities in the House of Representatives and Senate. During his campaign, President Biden offered a glimpse of tax policies that might come to fruition in the next four years. Notably, his legislative proposals included reducing the lifetime estate and gift tax exemptions, increasing the tax rate on transfer taxes, and elimination of the basis step-ups for inherited assets. Any of these proposed changes could dramatically change an individual’s tax planning strategies. While it is impossible to predict the future, it is still important to promptly review your current estate plan to ensure that all options are considered in planning for potential changes in the tax laws.
Clark Hill Mexico City Grand Opening Reception
Celebrate our new Mexico City Office with a reception and educational event.
We will toast our new office space and location with a cocktails and small bites with Mexico and US-based colleagues and friends.
SECURE Act 2.0 Has Arrived
On December 29, 2022, President Biden signed the SECURE 2.0 Act of 2022.
Join us as we discuss these changes and what they may mean for employers.