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With the For The 99.5% Act proposal, estate tax and capital gains tax are expected to rise drastically starting in January 2022. Several tax benefits might also be eliminated.
What can you do now to minimize the impact of this act on your estate planning?
Derek Myron and Kyle Malmstrom answer this question in this episode. They discuss what the new tax proposal entails, the implications if it is passed, and things you can do before the 2021 year-end to minimize your estate taxes and ensure maximum wealth transfer to your beneficiaries.
You will learn:
- Tax saving opportunities posed by the current, all-time high benefits
- Why you should contact a professional and begin estate planning as early as possible
- The benefits of IR-2019-189 regulations for your estate and gift taxes
- Strategies to build a blueprint for efficient estate planning
- And more!
Tune in now to learn how you can prepare yourself to deal with the expected tax changes!
Related: How to Prepare for the Biden Administration Tax Regime