2021 was an interesting year for estate planning professionals and high-net-worth individuals and families. After a year of speculation and legislative uncertainty, congress was unable to pass the Build Back Better Act. On September 15, 2021, the House Ways and Means Committee released legislative text detailing their proposed tax increases as part of President Biden’s […]

We continue to meet with clients who still utilize what’s called a Two Trust or an AB trust. Back in its day, having an AB Trust allowed married couples to essentially double the amount that could be passed to the next generation by preserving the 1st spouse’s exemption at their death and allowing an additional […]