Wednesday, February 26, 2014
Major tax changes are not expected for 2014 due to upcoming elections. However, the 2014 Green Book proposals foreshadow possible changes for 2015 that would affect estate planning. These Green Book proposals could change requirements and considerations for:
- Estate, gift, and generation-skipping transfer tax
- Grantor trusts
- Grantor retained annuity trusts
- Estate planning generally
- Retirement accounts
See, Kevin Matz, Change on the Horizon for 2015?, WealthManagement.com, Feb. 14, 2014.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.