July 7—By drastically increasing the federal estate and gift tax exemption, the 2017 Tax Cuts and Jobs Act created a significant estate tax mitigation opportunity for high-net-worth individuals and families. The question now is: Have already strong estate tax mitigation opportunities become even more powerful in the pandemic? National Director of Wealth Strategies Blair Talty discusses how these strategies have indeed been strengthened during COVID-19.
Actionable insights to help you get the most from CARES Act tax relief efforts.The passage of the CARES Act brings much needed tax relief to individuals, families and businesses.Personal income tax provisions include financial relief measures, charitable giving incentives, and access to cash flow.Business tax provisions have been enacted to allow businesses to obtain liquidity and maintain working cash flow to retain and pay employees.
Help clients take a long-term view to protect family wealth during divorce.Divorce can derail family wealth and affect generations far beyond just one couple.Even those who are not divorcing or contemplating divorce—including those beginning prenuptial planning—could benefit from knowing what’s at stake in the event of a divorce, be it their own or that of a business partner, parent, sibling, or descendent.