Powerful Trust Planning Opportunities After Tax Reform for 2020 and Beyond


Estate planners and advisors will need to contemplate the political climate in an election year, particularly given certain political opposition to the extensive changes made by the Tax Cuts and Jobs Act of 2017. Key considerations and trends that provide planning opportunities in 2020 and beyond include strategies to utilize the increased federal exemption amounts from $5.6 million to $11.58 million for the estate, gift, and GST taxes; the advantages of dynasty trusts; the situs considerations for state income tax purposes; and how international families continue to establish trusts in the United States at a record pace.

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