Gift Tax | Your Financial Plan-It

Although the proposed tax legislation is subject to changes, you can still take some measures now to be better prepared for when changes are actually happening.

In part two of this series about expected tax changes, join David Vallieres, Jordann Andrusiak, and returning guest Richard Schloss, as they dive deeper into how the new tax proposal may affect your income, estate, and gift taxes. They also discuss strategies to help you optimize your wealth transfer to future generations.

You will learn:

The time period when the proposal is most likely to be passed
How to use the Spousal Lifetime Access Trust (SLAT) & the Irrevocable Life Insurance Trust (ILIT) for efficient estate planning
Tips to help you fully utilize your current unused gift tax exemptions
And more!

Tune in to discover steps you can take today to minimize the impact of the new tax regulations!

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According to the Biden Administration’s new tax proposals, some tax benefits and exemptions might not be available moving forward.

But you can take advantage of them while they last.

In this episode, David Vallieres and Jordann Andrusiak talk to Richard Schloss, member at Dawda, Mann, Mulcahy & Sadler, PLC. Join them as they explore the expected tax law changes and discuss the impact on estate planning, trust administration and income tax planning.

You will learn:

How drastic reductions in estate and gift tax exemptions may affect your financial plan
The likelihood of various tax laws being passed in the near future
Things you can do now to prepare yourself to deal with the new tax regulations
How increased tax rates might affect the M&A space
And more!

Tune in to learn how you can proactively adapt to expected tax changes!

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Your Financial Plan-It

Tag Archives: Gift Tax

How To Minimize the Drastic Impact of Proposed Tax Changes – With Richard Schloss

Expected Changes in Estate Planning & Income Taxes – With Richard Schloss