Tax Changes Affecting Estate Planning After the Georgia Runoff – What Changes? When? | Chambliss, Bahner & Stophel, P.C.
To embed, copy and paste the code into your website or blog: The possibility of tax changes impacting estate planning substantially increased following the recent Georgia runoff election. After January 20, the Democrats will control the House of Representatives, Senate (with Vice President-Elect Harris’ tie-breaking vote as President of the Senate), and White House. Although Democratic control of all three branches of the federal government could result in several changes to existing tax laws affecting estate planning (e.g., potential increase in individual and business income tax rates, el...