The prominent Tax Cuts and Jobs Act (TCJA) hangs in the balance as we approach November’s presidential election (and the major legislation’s expiration date of late 2025). Our managing director and president – Mark Weiskind, CFP, CPA/PFS (inactive) – spoke with Family Wealth Report about a variety of tax and estate planning policies that could change if the TCJA doesn’t survive the coming years. “The big push is to make sure UHNW clients take advantage of the current $13.6 million estate exemption while they still can, and before it’s set to fall to approximately $7 million in 2026,” Mark said, adding that standard deductions plus state and property taxes may be impacted by whoever takes control of the White House and Congress. Click here for the full article.
