Implement tax-advantaged trust strategies post tax reform. Tax reform has created major changes and opportunities for high-net-worth taxpayers, particularly those who are real estate investors and developers. The creation of section 199A brings a new, advantageous deduction to those in the real estate business. From a strategic planning perspective, real estate investors, owners, and developers
Be sure your plan meets today’s goals and is flexible for future change. As with any change in tax legislation, the Tax Cuts and Jobs Act of 2017 gives rise to valuable planning opportunities. The new tax law serves as a good reminder to review your estate plan to be sure that it is consistent
Make the increased federal transfer tax exemption work to your advantage. As a business owner, it’s important to understand how the new tax law changes can work to your advantage. The increased federal transfer tax exemption amount (the “exemption”) provides a unique opportunity for you to implement beneficial transfer tax strategies for your business interests.