Are major estate tax law changes in the offing? Perhaps, but my Ouija board smoked when I asked the question. So, barring that type of guidance, what assurance can there be?
The election hasn’t occurred yet, so there’s certainly no way to know which candidate will win. Party platforms haven’t even been finalized. And, there’s no assurance that the winner’s proposals will be enacted. In spite of the above, practitioners should put all clients involved in active planning on notice of Clinton and Trump’s proposals because they’re so dramatically different. No one wants a client coming back after completing a plan and complaining that had they been put on notice, they might have planned differently.
Trump Estate Tax Proposals and What They Mean
The Trump plan (pre-convention) is to… [Read the full article by clicking here]
ABOUT THE AUTHOR
Martin “Marty” Shenkman, CPA, MBA, PFS, AEP, JD is an estate planning attorney and Certified Public Accountant from Paramus, New Jersey. He received his Bachelor of Science degree from Wharton School, University of Pennsylvania 1977 with a concentration in accounting and economics. He received a Masters degree in Business Administration from the University of Michigan 1981, with a concentration in tax and finance.
Mr. Shenkman is a widely quoted expert on tax matters and is a regular source for numerous financial and business publications, including The Wall Street Journal, Fortune, Money, The New York Times, and others. He has appeared as a tax expert on numerous television and cable television shows including The Today Show, CNN, NBC Evening News, CNBC, MSNBC, CNN-FN and others. He is a frequent guest on radio talk shows throughout the country and has a regular weekly radio show on Money Matters Financial Network.
Mr. Shenkman is a prolific author, having published thirty-four books and more than seven hundred articles. Mr. Shenkman has served as contributing editor to a host of publications, including: New Jersey Lawyer, The Journal of Real Estate Finance, Real Estate Insight, Commercial Leasing Law & Strategy, The Journal of Accountancy, Real Estate Accounting and Taxation, Shopping Centers Today, and others.
Mr. Shenkman is active in numerous charitable organizations, sitting on many boards and planned giving committees and lectures regularly for these and other organizations.
OTHER ARTICLES IN THIS ISSUE
- IRA & RETIREMENT BENEFIT PLANNING: “IRA Trusts: Conduit or Accumulation?” by Philip J. Kavesh, J.D., LL.M. (Taxation), CFP®, ChFC, California State Bar Certified Specialist in Estate Planning, Trust & Probate Law
- ADVANCED PLANNING: “Hurry and Use the Restricted LLC/LP Statutes Before the IRC Section 2704 Regulations are Finalized!” by Steven J. Oshins Esq., AEP (Distinguished)
- FINANCIAL PLANNING: “Our Presidential Election: What’s an Investor to Do?” by Jason Oshins, Financial Advisor, MBA
- SUPPORT & ADMINISTRATIVE STAFF: “2016 WealthCounsel Symposium Debrief” by Kristina Schneider, Executive Assistant
- TAX PLANNING: “Pre-Election Estate Tax Proposals: Clinton vs. Trump” by Martin M. Shenkman, CPA, MBA, PFS, AEP, JD