Atlanta Estate Tax Planning

The Tax Cuts and Jobs Act of 2017 was touted as one of the most significant changes to the tax code in over thirty years. There was a sharp reduction in the federal income tax rate for businesses, a near doubling of the standard deduction for individual taxpayers and several important changes that impact estate and gift tax planning efforts. While the media focused on the broader changes that affect almost every taxpayer, there were other changes essential changes that impact estate and gift tax planning strategies.