What Every Estate Planner Needs to Know
About the Biden Administration’s
2025 Budget Proposal

The Biden Administration’s 2025 budget proposal contains revenue raising provisions that can only be described as a radical assault on the world of estate and gift taxation as we know it. 

Whether you’re an attorney, financial advisor, CPA or other estate planning professional, it is important that you stay in-the-know and you know how these proposals may impact your clients and the planning that you do.  This is why we have turned to three of the nation’s leading tax and estate planning experts, Jonathan G. Blattmachr, Esq., Marty Shenkman J.D., CPA, MBA, and Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), to put together this very timely presentation entitled “President Biden’s 2025 Green Book Estate Tax Revenue Proposals”.

In this 106-minute presentation, they will cover the following proposed changes:

• The proposed treatment of transfers of appreciated property by gift or on death as realization events; the capital gains tax at death would be deductible against the estate tax.

• The proposed increase in the capital gains rate for those with over $1 million of income.

• Treatment of assets in a trust or partnership and how they need to be marked to market every 90 years beginning from January 1, 1944.

• Whether a discount will be allowed for partial interests.

• How transfers to or from a trust (other than a wholly owned revocable trust) or partnership will be treated.

• Treatment of transfers to a U.S. spouse.

• The proposed increase in the top income tax rate.

• Taxation of transfers to a charitable lead trust or a charitable remainder trust.

• A proposed $5 million per person exclusion on property transferred by gift or at death, indexed for inflation after 2024 - - and portability between spouses. 

• The proposed minimum tax of 25% on total income, including unrealized capital gains, on taxpayers with wealth of over $100 million, along with how the taxes can be paid.

• Requirements for GRATs minimum and maximum terms, along with requirements for the remainder interest value.

• Taxation of sales between the grantor and a grantor trust, including the grantor’s payment of the income tax on the trust’s income and gains would be treated as a taxable gift.

• Proposed requirement that intrafamily transfers of partial interest in property in which the family collectively owns at least 25% be valued based on the interest’s pro rata share of the collective fair market value of the interests held by the taxpayer and the transferor’s family members.

• A limit on the total annual exclusions for certain transfers, indexed for inflation after 2025.

• The proposed applications of the GST exemption.

• And much more!

Your purchase includes an instantly downloadable video and audio recording and PDF handout materials.  A PDF transcript is available as an add-on for an additional fee.