What’s on the horizon for wealth transfer and taxation? With current and pending federal rules, your existing estate plan could be hit with severely high taxes if you don’t pay attention. In this video, David Mammel, of Chapman Law Group’s Estate Planning and Administration practice group, breaks down key terms in wealth transfer and methods; current proposed taxation laws and how they could affect your estate plan; and what you can do to soften the blow.
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___________ Key Moments ___________
0:00 - Intro
0:40 - Wealth Transfer
3:34 - Wealth Transfer Methods
4:59 - Tax Issues Impact
5:38 - Trumps Tax Rate
11:37 - Biden American Families Plan
13:46 - Bernie Sanders 99.5% Act
14:56 - Van Hollen STEP Act
20:29 - Comparing Plans
22:27 - Outro
❗ LEGAL DISCLAIMER ❗:
This is not legal advice advice. Everything described in this video is for informational purposes only and not for the purpose of providing anyone legal advice. You should contact our attorneys directly to obtain any and all legal advice with respect to your particular issue or problem. Nothing here should be construed to form an attorney-client relationship.
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By: Chapman Law Group: Health Care Attorneys
Title: Wealth Transfer and Taxation Explained by Estate Planning Lawyer
Sourced From: www.youtube.com/watch?v=Bw7lng5H1Lo
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https://trendingintaxation.com/videos/how-big-earners-reduce-their-taxes-to-zero
