Tax Hikes on Rich Loom If Treasury Revives Hard Look at Estates
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A stack of uncut sheets of $20 bills.
Photographer: PAUL J. RICHARDS/AFPThis article is for subscribers only.
Estate planners are keeping a close eye on the Treasury Department’s agenda, anticipating the possible revival of several regulatory projects shelved by the Trump administration.
Estates, gifts, and trusts were among the regulatory areas significantly cut back under former President Donald Trump—planned projects in that area were reduced to about a quarter of what was included in the Obama administration’s last priority guidance plan.