How the Wealthy Are Prepping for an Estate Tax Clip
Talking Tax
Maintain Flexibility in Trust Documents for Tax Law Changes
It is crucial for individuals to avoid rushing into financial decisions in anticipation of changes in tax laws, as seen with previous exemption expirations. Careful cash flow management is advised to prevent potential regrets from giving away assets if the current exemption amounts remain. Proposed reforms in tax policies, like the Grantor Retained Annuity Trust proposal, may not have an immediate impact, but individuals should monitor and consider the potential implications. Flexibility in trust documents is recommended to adapt to future tax law changes and maintain tax efficiency.
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