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ARTICLE · 31 AUGUST 2020

Estate Planning With 2020 Vision

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It has been said that you can predict anything but the future. So it is with estate and tax planning. That being said, let's look to see what some of the tax law changes might be in 2021 and beyond.

United StatesTax
William B. Norden
William B. Norden
Alan T. Yoshitake
Alan T. Yoshitake
Ronald Schreiber
Ronald Schreiber
Christopher Lagno
Christopher Lagno
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It has been said that you can predict anything but the future. So it is with estate and tax planning. That being said, let's look to see what some of the tax law changes might be in 2021 and beyond.

In addition to various proposals related to income taxes, there have been several proposals put forth regarding estate, gift and generation-skipping taxes, some of which were first proposed years ago but never enacted, including:

  • Reduce the current estate and gift tax (and presumably generation-skipping tax) exemption from $11.58 million per person (or $23.26 million for a married couple) to an inflation adjusted $5.49 million per person (or $10.98 million for a married couple.) ... or even lower.

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