Count Down of President Biden’s Top 10 Tax Proposals
President Biden’s proposals, if enacted, will have a big impact on many planning strategies. Keep an eye on these proposals so that you’re prepared to work with your clients accordingly.
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Greenbook Deja’vu: Proposed Tax Increase on Wealthy
On March 9, 2023, the Biden Administration released its budget and tax proposals for FY2024. Alongside the Budget the Treasury released its document further describing the revenue proposals in what is typically called the Greenbook. Many of the proposals are reminiscent to those in prior years’ Greenbook. The budget proposes to increase taxes for corporations […]
Standby Survivorship Trust an Alternative to an ILIT for Insureds Desiring Control
Situation: The uncertainty of the estate tax laws has created a dilemma for many taxpayers, estate planners, and insurance professionals. Should moderately high net worth couples take action today to shelter a significant amount from estate tax (under the $12.92 million exemption) by making a large gift; or should they hold off making a large […]
Legislation Addressing Long-Term Care: An Urgent Matter
Why Addressing Long-Term Care is an Urgent Matter Virtually all demographic trends in the United States point to large future increases in the demand for long-term care services and support. By 2050, an estimated 27 million people will need long-term care support.i The population over 65 will almost double by 2050.ii The population age 85 […]
