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Rich in U.S. Grab Historic Chance to Pass On Wealth Tax-Free

  • Falling rates make May the best month ever for family loans
  • Stuck at home, the wealthy have more time for estate planning
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Rich Americans are taking advantage of an unprecedented opportunity, made possible by the coronavirus pandemic, to transfer money to their children and grandchildren tax-free.

Thanks to the 2017 Republican tax overhaul, it was already easier than ever to avoid the U.S. estate and gift tax, a 40% levy on the biggest fortunes. Now, plunging interest rates and volatile equity markets are creating a once-in-a-lifetime chance that’s keeping wealth advisers busy even as they work from home.