The upcoming election could dramatically change the tax landscape. It is critical that you be prepared for any outcome! On October 28, 2020, Susan McEvoy led a conversation with experts from Andersen Tax about practical planning strategies to consider before year-end. NOW is the time to review your tax and estate plans and prepare to take action before year-end. There has never been a better time to lock in low tax and interest rates. Some action items we highlighted include:

Maximize your lifetime gift/estate tax exemption before December 31, 2020

Implement estate planning strategies to take advantage of current low-interest rates

Be prepared to accelerate income and long-term capital gains in 2020

Remember the CARES Act eliminates required minimum distributions (RMDs) for 2020

If you are considering changing domiciles, stay current on evolving state-by-state complexities

If you would like to access the replay of the webcast, please Contact Us.