Winstead PC has made available for download their article, “Tax Proposals of the House Ways and Means Committee: Reconciliation Bill to Target Trusts, Estates, and the Wealthy”, published in JDSUPRA. The abstract is as follows:
On Sunday, September 12, 2021, the House Ways & Means Committee (the “Committee”) released draft legislation as part of Congress’ ongoing $3.5 trillion budget reconciliation process. The legislation, as approved by the Committee on Wednesday, September 15, includes significant tax proposals that, if passed, will dramatically change the tax and estate planning landscape for high-income and high-net worth individuals.
Below is an overview of the tax proposals that are particularly relevant for estate planning purposes:
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.