Tax Considerations for Family Office Under the Biden Administration


The day before President Joe Biden’s inauguration, it became clear that his ambitious tax plan is lower on the administration’s to-do list than alleviating the public health crisis and stabilizing the economic recovery. For family offices, then, the pertinent questions are when will rates increase, and in what form? Given the administration’s priorities and Biden’s campaign proposed tax increases that affect family offices, there are four crucial considerations for family offices to keep in mind when addressing the tax implications.

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