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