“The only thing constant in life is change.” Heraclitus, Greek philosopher.
Ahead of the upcoming November election, this month’s update provides a brief overview of those policy positions of Joe Biden and Donald Trump that impact estate planning decisions. I am by no means attempting to endorse a candidate, to or to predict the outcome. I am predicting, however, that federal tax law changes will occur in the coming four to five years. As a result, clients will need to carefully consider how these federal tax law changes impact their estate planning.