Estate Planning

The estate planning landscape has changed significantly within this past year.  The Tax Cuts and Jobs Act has warranted entire overhauls of many families’ estate plans and has triggered planning for others.

The Tax Cuts and Jobs Act has delivered significant estate planning opportunities, but many families have not taken advantage of these changes. Whether it’s the change in estate tax exposure, the generation skipping tax, or general long-term estate planning, anyone interested in transferring wealth should be aware of how the new tax bill affects estate planning.

By: Arthur L. Bernstein, & Barry D. Siegel, Esq.

By: Richard S. Bernstein & Rebecca G. Doane, Esq. 

By: Richard S. Bernstein & Richard L. DeNapoli, J.D., LL.M., CFP

On December 22, 2017, President Trump signed into law the first significant reform of the US Tax Code since Ronald Reagan was in office. It will impact Americans far and wide, affecting how we make decisions on buying a home, health insurance, setting up a business, and even when to get a divorce. We highlight some of the major parts of the law here.

By: Richard S. Bernstein & Abraham M. Mora

By: Arthur L. Bernstein & Benjamin P. Shenkman, Esq. J.D., LL.M.

By: Richard S. Bernstein & Lisa A. Schneider, Private Wealth Services, Gunster

By: Richard S. Bernstein, CEO & Randell C. Doane, Esq.

On September 27, 2017, the Trump Administration, House Ways and Means Committee, and Senate Finance Committee released their unified framework for tax reform legislation.  The unified framework left a number of open issues such as the dividing lines for the different tax brackets and whether there will be a higher tax rate for the wealthiest taxpayers.