Tax and Estate Planning

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Tax Planning After the 2020 Election … And 2021 Runoffs
Hemenway & Barnes
For the first time in a decade, the Democratic party controls the Senate (narrowly), House, and Presidency in the U.S. As a result, many believe there will be significant legislative changes to
Strength, Resilience, & Control: Wealth Planning Strategies for 2021
Baird
Although the future is unpredictable, we do know that financial planning can allow families and their advisors to operate from a position of strength and resilience, no matter the changes that lie
Considerations for Family Legacy Planning
Ascent Private Capital Management of U.S. Bank
Managing family wealth over the long-term requires careful thought and a well-structured estate plan. Before making specific decisions about what’s best for your wealth, it’s wise to
Planning for Potential Tax Law Changes
Gresham Partners
With the Democrats controlling both houses of Congress and the White House, it is timely to focus on the potential tax law changes they might propose. Although it may seem unlikely the changes will
Wealth Planning Outlook: Renewed Purpose
Northern Trust
Individuals, families, businesses, organizations will long be contending with the COVID-19 impacts of 2020. Against this backdrop, five key themes emerge in the wealth planning outlook for 2021:
Family Inheritance: Does Fair Mean Equal?
Ascent Private Capital Management of U.S. Bank
Many families who have significant assets to pass on later in life or at death may think that being “fair and equal” in the treatment of family beneficiaries is an easy process. However,
Keeping it in the Family: Planning for the Vacation Home
Greensfelder, Hemker & Gale, P.C.
Disagreements and discord can arise when it comes to your family vacation home, a unique asset that symbolizes important memories and family connections. For this reason, you should specifically
Real Estate Tech, Taxation, and Representation
RSM US
Real estate has always been a tax-advantaged investment class, especially in the U.S. where rules allow you to shelter income or cashflow through depreciable losses and other mechanisms. For the
New Yorkers Can Look Forward to a Simplified Power of Attorney Form in 2021
Schiff Hardin
In December 2020, New York Governor Andrew Cuomo signed a bill representing the most significant change to the New York law governing Powers of Attorney (POA) in almost a decade. In an effort to
Handle with Care: Planning for the Fragile Beneficiary
Greensfelder, Hemker & Gale
Today, estate planning can encompass more than addressing your potential tax exposure. It frequently requires protection of a “fragile beneficiary,” who can include family members with