New Tax Proposals Could Shake Up Estate Planning for Generations
Members of the Senate majority have proposed two pieces of legislation intended to tax high net worth families. The two bills, the “For the 99.5 Percent Act”, sponsored chiefly by Sen. Bernie Sanders, and the “Sensible Taxation and Equity Promotion (STEP) Act”, led by Sen. Chris Van Hollen, stand to upend some of the most commonly used estate planning tools and raise billions in revenue for the Federal government. MSS Taxation & Estates Chairs Brenda Crandell and Bob Goldberg along with Partner Saverio (Sam) Cereste and Associate Andrew Epstein, explore the new tax proposal and how it will affect estate planning in this MSS Client Alert.
To read the full client alert, please click here.
Attorneys Involved:
Bob G. Goldberg
Partner
Practice Area:
Taxation & Estates
,
Corporate & Securities
,
Employment
Office: New York
bgg@mss-pllc.comSaverio (Sam) V. Cereste
Partner
Practice Area:
Taxation & Estates
Office: Long Island, New Jersey, New York
svc@mss-pllc.com