You may recall that President Trump promised to repeal the Estate and Gift Tax and their cousin, the Generation Skipping Tax. However, the enacted version of the Tax Cuts and Jobs Act signed just before Christmas 2017, left these three taxes intact. The outcome is surprising, given that the Republican Party has often condemned these taxes, and given that the House, Senate, and White House are all on the same side of the party divide. Yet, complete repeal was not accomplished. Thus, these taxes remain a huge liability for high net worth individuals and families. What the Act does accomplish
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Extraordinary Estate Tax Opportunity with the Tax Cuts and Jobs Act
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