Politics & Estate Planning: Impact of the 2020 election on Basic and Advanced Planning Strategies
Program
4:00pm – 5:30pm
Networking Session Immediately Following Program
RESERVATIONS
Members Register by signing up HERE
Non Members please use the registration link below to pay prior to registering
by Friday, September 11th
You will be sent a return email confirmation.
Once the handout for this program has been made available to us, you will be able to access it here.
About the program
In Estate Planning and the 2020 Presidential Election
2020 has been quite an interesting year, which will certainly get even more interesting with the upcoming election only a few months away. With Democratic candidate Joe Biden releasing his proposed tax plan, estate planning attorneys and financial advisors will potentially have very limited time to implement strategies if Joe Biden is elected as the next President of the United States and his tax plan is passed. The proposed changes to the tax code would have a substantial impact on many individuals and families across the wealth spectrum. This presentation will provide analysis of certain proposals of the “Biden Tax Plan” as it relates to estate planning transactions (RLTs, ILITs, GRATs, IDGTs, & SLATs) and also discuss potential changes to capital gains tax laws both during a client’s life and upon their passing. Specifically, the presentation will address the following contained within Biden Tax Plan proposal:
Income Tax
- Tax capital gains as ordinary income for taxpayers with over $1M in income and tax unrealized gains at death.
- Restore the top individual income tax rate to 39.6%.
- Estate, Gift, & Generation-Skipping Transfer Tax
- Reduce the exemption amounts from $11.58M per person to $5.79M (or even as low as $3.5M per person).
Business Tax Matters
- Increase corporate tax rate to 28%.
- Phase-out small business income deductions above $400,000.
The presentation is intended on assisting practitioners prepare for the presumed influx in both basic and advanced estate planning transactions in 2020, 2021, and 2022.
About Darren Case
DARREN T. CASE is a tax and estate planning shareholder attorney for Tiffany & Bosco, P.A., licensed in the State of Arizona. Darren has presented nationally on the topics of tax and estate planning, he is the Co-Author of the Arizona Estate Planning and Probate Handbook, published by Thomson Reuters, guest contributor for articles published on Forbes.com, former Chair of the Estate Planning, Probate & Trust Section for the Maricopa County Bar Association, the former President for the Central Arizona Estate Planning Council, recognized as one of the Super Lawyers Southwest Rising Stars in 2015-2018, and an Honored Advisor of the American Cancer Society for facilitating a million dollar donation to the Arizona Hope Lodge. Darren received his Bachelors from Arizona State University, Juris Doctorate from Chapman University (graduating as the Tax Law Honors Graduate of his class), and received his Master of Laws in Taxation from Georgetown University. Darren assists families and individuals in a broad range of planning techniques, including traditional wills and revocable trusts, along with more sophisticated estate, gift, GST, and income tax planning strategies. Darren is also experienced in the areas of probate and trust administration and litigation.
Outside of the practice of law, Darren enjoys spending time with his wife and children, taking them on family adventures. Darren also enjoys training for and competing in Ironman and other triathlon events, supporting ASU Sun Devils and Georgetown Hoyas athletics, and spending time outdoors in Arizona.
RESERVATIONS
Members Register by signing up HERE
Non Members please use the registration link below to pay prior to registering
by Friday, September 11th
You will be sent a return email confirmation.
