Richard Rubin and Rachel Louise Ensign have made available for download their article, “Biden’s Capital-Gains Tax Proposal Puts Estate Planners to Work,” published in the Wall Street Journal. The article begins as follows:
Estate planners for the wealthiest Americans are combing through the Biden administration’s proposed tax increases, hunting for ways to sidestep the potential hit from higher taxes on investment income and new capital-gains taxes at death.
The result, so far, is early strategizing about making gifts this year before some changes would take effect. That approach is mixed with acceptance that Congress will pass some significant tax increases and tempered by hope that it won’t.
“Our clients are resigned to the fact that taxes will go up,” said Helena Jonassen, a partner at Evercore Inc.’s wealth management unit.
Click here to view the full article: “Biden’s Capital-Gains Tax Proposal Puts Estate Planners to Work”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal