Rich Americans Prep Fail-Safe Estate Plans Ahead of Election

3 days ago 11

Using trusts, beingness gifts to support wealthiness from imaginable estate-tax changes

Sept. 14, 2024 9:00 pm ET

With the statesmanlike contention successful a dormant heat, affluent Americans are calling property lawyers.

The affluent privation to cognize if they should instrumentality steps to support their fortunes from higher property taxes. Should a alteration nether the 2017 taxation cuts expire arsenic scheduled aft 2025—considered much apt with Vice President Kamala Harris successful the White House and Democrats gaining the bulk successful Congress—the minimum wealthiness taxable to the property taxation would beryllium halved to astir $7 cardinal per person.