The new Tax Cut and Jobs Act, which makes broad changes to the income and estate tax codes, will have a significant impact on many taxpayers. Because it is so new and so complex, it will be some time before tax professionals fully understand those impacts. Fortunately, most of the law does not take effect […]
Over the last two decades, changes in the estate tax laws have caused a great shift in the focus of estate planning. At one time, the primary issue was avoiding a 55% estate tax rate on a relatively modest level of assets. For example, in 1995 the federal estate tax exemption was only $600,000. Back […]