What a Donald Trump Presidency Means for Estate Planning
by Jeramie J. Fortenberry, JD, LLM (Taxation) | Executive Editor and Legal Education Faculty, WealthCounsel
In a surprising upset, Republican candidate Donald J. Trump defeated Secretary Hillary Rodham Clinton on November 8, 2016, to become President-elect of the United States. Republicans maintained a majority in the Senate and the House of Representatives, creating alignment between the White House and Congress and paving the way for Republican-backed legislation.
Download this WealthCounsel Thought Paper to examine some of the potential impact of this unexpected result, including how it might affect:
- Individual income taxes
- Current regulatory tax initiatives, including basis consistency regulations and proposed 2704 regulations
- Gift, estate, and generation-skipping transfer taxes