Post-GA Runoff Election Estate Planning: What to Do For Clients NOW!

Biden is the President-Elect, and the House is Democratic. At this juncture, we now know that the Senate is split so that the tie vote is cast by Vice President-elect Harris 

How might this planning be modified considering the significant unknown of what will happen and when it may be effective?

  • There could be massive tax increases on the wealthy
  • Domestic Asset Protection Trusts
  • Spousal lifetime access trusts
  • Special power of appointment trusts
  • Note sale transactions
  • GRATs, GRIPs