The Tax Advisor: Estate planning for the other 99% (Aug 1, 2019).

Scott Swain and Nicole Rococi have published their article, Estate planning for the other 99%, published in the AICPA Tax Advisor (Aug 1, 2019). Their article begins as follows:

The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, made dramatic changes to the income tax regime in 2018, but it also had a significant impact on federal estate and gift taxes. Fortunately, for high-net-worth planners, the changes to the estate tax regime were simple in terms of the legislation itself. That said, the implications of the large increase in the estate and gift tax exemption are complex and affect estate planning for everyone, not just the small percentage of the population who will still file estate tax returns. This discussion focuses on how the TCJA’s changes affect the 99% who will not be filing a Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return.

To see full article, click: Estate planning for the other 99%

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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