New Study Finds Estate Planning Solutions from Biden Tax Plan, Wealth Advisors Trust Report Finds
Before Dec 31, 2020, wealthy families need actionable ideas to use up their $11.58 estate tax exclusion with the benefits of top trust law states such as South Dakota for control and choice according to a report published by Wealth Advisors Trust Company. The Biden Tax Plan proposes reducing the current estate tax exclusion from $11.58 million to $6 million.
RAPID CITY, S.D., Oct. 18, 2020 /PRNewswire-PRWeb/ -- A team lead by family corporate trustee management expert, Christopher Holtby, has published a report about estate tax issues and solutions affecting the top 1% of wealthy families in America. The report concluded:
a) Current estate and gift tax exemption amount, inflation adjusted, highest level in 100 years.
b) Top 1% have tripled their net worth since the 2009 financial crisis.
c) November election results could reduce estate and gift tax exemption amounts by 50% or more.
d) Wealthy families use South Dakota trust law benefits to mitigate potential reduction.
e) These ideas and suggestions follow logical and simple processes.
For questions about the report, a comment on the findings, or an introduction to the industry experts included in this report, contact, Christopher Holtby at [email protected]
Wealth Advisors Trust Company, based in South Dakota, revolutionizes trust administration with common sense.
SOURCE Wealth Advisors Trust Company
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