Senators Propose Sweeping Changes to the Taxation of Estates and Inherited Gains
By EsqSocial Corporation 07/05/21
Vermont senator Bernie Sanders (D) has introduced legislation that would require more estates to pay estate tax and that raises the amounts they would pay. Another proposed law would eliminate the step-up in basis that inherited assets currently enjoy. Taken together, the changes would “rock” the estate planning world, according to a leading attorney....
By: Chambliss, Bahner & Stophel, P.C.