Estate Planning Strategies if the Gift Tax Exemption Amount Is Reduced Retroactively

By WealthCounsel Staff on Jun 18, 2021 10:01:56 AM


With the Democrats in control of both the executive and legislative branches of the federal government, there has been a plethora of new proposals that could have sweeping effects within the estate planning industry. Some of the most notable proposals include increasing the capital gains tax rate to 39.6 percent, ending stepped-up basis, and making sweeping modifications to the estate, gift, and generation-skipping transfer (GST) tax exemptions. 

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Current Developments in Estate Planning and Business Law: June 2021

By WealthCounsel Staff on Jun 11, 2021 10:00:00 AM

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From the Department of the Treasury’s issuance of a new “green book” to the Biden administration’s withdrawal of a proposed Trump-era independent contractor rule, we have recently seen significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted a few noteworthy developments and analyzed how they may impact your estate planning and business law practice.

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Creating a Legacy for Your Client's Pet

By WealthCounsel Staff on Jun 4, 2021 10:00:00 AM



Planning for four-legged loved ones (kids in fur coats) can be just as challenging as planning for two-legged loved ones (minor children). Clients typically ask, “Do I need a trust or a will?” The answer, of course, is, “It depends.” 

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