Category: Tax Planning

Joe Biden

How President Biden’s Proposed Tax Plan Could Impact Your Estate

This spring, President Joe Biden outlined a new infrastructure plan and American Families Plan to the tune of $4 trillion. In keeping with campaign promises, he plans to pay for these plans by raising taxes on corporations and Americans with a high net worth. In a break with his initial campaign promises, though, President Biden is no longer proposing an expansion of the estate tax. Despite thi...

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joe biden

Estate Planning During the Biden Era

New presidents often mark the beginning of a new era of tax laws. For President Biden, the estate tax is a very likely target for change. The impact of potential changes reaches far beyond the estate tax, though. With Democratic majorities in both the House and Senate, change in tax law is almost guaranteed, which may mean you need to update your estate plan to help protect your assets even mor...

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Complete a Complete Estate Plan

When it comes to planning, the focus is typically on making you better prepared for the future. That means limiting taxes, creating wiser investment strategies, knowing when it’s best to claim Social Security and developing sustainable retirement income plans. All of these help you on the path to your financial future and your long-term goals. But The Brainerd (MN) Dispatch reports ...

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