Advisors and their high-net-worth and ultra-high-net-worth clients have limited time to protect their estates as certain provisions of the 2017 Tax Cuts and Job Act (TCJA) may expire by the end of 2025. In this Barron’s article, Managing Director and Financial Advisor, Patrick McDonald, CFP®, discusses estate planning strategies advisors should consider to preserve clients’ wealth and alleviate concerns about the future of the estate and gift tax exemption.
“A proactive approach will not only protect family legacies, but solidify the advisor’s role as a trusted partner in navigating the complexities of the changing tax landscape.”
