Tax Bulletin 1: Impact of Tax Cuts and Jobs Act on Estate Planning

This is the first of a series of Bulletins discussing the significant tax law changes and planning opportunities presented by the Tax Cuts and Jobs Act (the “Act”). This Bulletin focuses on the gift and estate planning opportunities presented by the Act. Future Bulletins to follow in the coming weeks will address:

  • Taxation of Passthroughs (the 20% deduction) and C corporations
  • Planning to minimize state taxes using out of state trusts, etc.
  • Planning to minimize state taxes including through the use of out of state trusts, etc.
  • Changes to depreciation including bonus depreciation, section 179 and immediate expensing
  • 1031 exchanges
  • Planning for education
  • Compensation planning
  • International taxation
  • And more.