Tax and Estate Planning


Flexible Trusts to Deal With Future Uncertainties
South Dakota Trust Company
Flexible trust planning has never been more important as a result of current and future health, political, economic, and tax uncertainty. Modern directed trusts are one of the best vehicles to
2022 Wealth Planning Outlook: Wealth, Redefined
Northern Trust
A new year always brings a spirit of change, but 2022 sees a distinct—and unprecedented—momentum for individuals and families to align their values and wealth planning. In this outlook of
Supercharge the Sale of Your Business with a Charitable Remainder Trust
Baker Tilly
If you own a closely held business, choosing how and when to exit your business is a critical part of the planning. If one of your goals involves benefiting charity, you might consider the use of a
Spousal Lifetime Access Trusts Offer Flexibility in Asset Protection and Estate Planning
Baker Tilly
For married couples looking to use their lifetime gift exemptions and protect their assets, spousal lifetime access trusts (SLATs) are an attractive option. Planning to use the increased exemption
Build Back Better: Understanding the House Act
Northern Trust
The U.S. House of Representative passed the Build Back Better Act, the second component of the White House’s ambitious spending plan, on November 19, 2021. Among the most significant provisions
Year-End Tax Planning Strategies to Consider before 2022
BMO Family Office
With possible tax law changes on the horizon, it can feel daunting to make any moves before knowing the outcome. But year-end is still a good time to get your financial house in order and fine-tune
House Releases Rewrite of Build Back Better Tax Proposals
The House Budget Committee released a version of H.R. 5376 (the Build Back Better Act), which eliminated many of the previously proposed tax increases that would have impacted individuals. However,
Third Time's the Charm?
The House Budget Committee released a third version of H.R. 5376 (the Build Back Better Act) on November 3, 2021. This draft increases the state and local tax deduction, brings back many of the
Update on Proposed Tax Changes Affecting Estate Planning
Warner Norcross + Judd
The White House released a retooled framework for the Build Back Better Act on October 28, 2021. Notable aspects of the Biden framework that will affect estate planning include estate and gift tax
Triage Tax Planning in the US: Adapting to an Uncertain Tax Bill
Cambridge Associates
The Build Back Better Act recently introduced in the US House of Representatives includes many tax provisions that would significantly impact US taxpayers. However, any major bill’s road from