As with any new administration, there is speculation regarding President Biden’s proposed tax law changes and what they could mean for you. The President has made his priorities clear: raise taxes on those earning more than $400,000 per year, increase capital gains taxes and increase taxes on the transfer of wealth after someone dies.
Some of these changes could impact your current tax strategy and estate plan. Warner partner Beth O’Laughlin outlines what those changes are and what they could mean for you, your family and your business.
Beth O’Laughlin is a partner in the law firm Warner Norcross + Judd LLP who concentrates her practice in trust and estate planning and administration, succession planning, tax matters and wealth preservation. Learn more about her practice here.
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