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Biden’s Proposal to Slash Estate and Gift Tax Exemption Limits Has Some People Making Asset Transfers and Seeking Asset Protection Before 2022

In April 2021, the Biden administration released its American Families Plan, outlining its intentions to drastically alter current tax laws. Most notable among the new set of rules are proposals to reduce estate and gift tax exemption limits and eliminate the step-up in basis at death on gifts exceeding a certain amount. If passed, the changes […]

Biden’s Proposal to Slash Estate and Gift Tax Exemption Limits Has Some People Making Asset Transfers and Seeking Asset Protection Before 2022 Read More »