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21 December 2020

US/UK estate planning after Biden

With the election of Joe Biden, clients will have fewer opportunities for estate planning. His proposal to reduce the gift/estate tax exclusion from $11.58 million to $3.5 million is causing particular concern for high-net-worth individuals. Many advisors are urging clients to use the exemption now by making gifts to irrevocable trusts.

Marilyn McKeever, Partner in our private wealth team, discusses this in an article for WealthManagement.com.

The full article is available, here. 

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