Impending Estate Tax Repeal: Implications for Succession Planning
March 14, 2017 / in LWE in the News
The presidential election has generated intense buzz among estate tax planning professionals who are wondering whether, and how quickly, the Trump Administration might eliminate the federal estate tax. President Trump has made no secret of his plan to repeal the federal estate tax, which currently stands at 40% on estates over $5.45 million. House Speaker Paul Ryan has already proffered a tax plan that repeals the estate tax, and Senate Majority Leader Mitch McConnell has signaled his agreement with repeal.