New Tax Law – New Estate Plan?
Article Excerpt:
The President signed H. R. 1, The Tax Cuts and Jobs Act, into law on December 22, 2017. While most of the new law addresses business and individual income tax matters, a small portion of it provides for significant changes in the estate, gift and generation-skipping transfer tax (GST) area.
Let’s take this opportunity to consider what these changes are and how they perhaps may affect your own estate planning.