Tax Cuts and Jobs Act: Application to Estate Planning and Gift Planning

The most important parts of estate planning aren’t related to taxes.  Instead, they focus on identifying the people who will care for our children, structuring customized provisions so that inherited wealth has a positive impact on the lives of our beneficiaries, and thinking through the overall division of our estate between heirs and charities — all things we consider in depth when analyzing your estate plan.  But taxes are one factor in planning, and because of that it makes sense to pay attention to the estate tax provisions in the new Tax Cuts and Jobs Act (“the Act”).  Read it in full.

Scott D. Ross is a partner in Rimon’s Private Client group. He is a Certified Specialist in Probate, Estate Planning and Trust Law as determined by the California Board of Legal Specialization. This designation is held by fewer than 3% of California estate planning attorneys.
Mr. Ross specializes in estate planning for high net worth individuals, including entrepreneurs, executives, owners of closely held businesses, real estate developers and physicians. His practice emphasizes wealth preservation and asset protection. Mr. Ross works with clients to prepare customized estate plans involving generation-skipping trusts, charitable remainder trusts, charitable lead trusts, family limited partnerships, family limited liability companies, grantor retained annuity trusts (GRATs), irrevocable insurance trusts, and private family foundations. He has extensive experience in legal issues involving federal estate, gift and generation-skipping taxation. Access Scott’s full biography.