Estate Planning Affected by Recent Events: Planning for Predictable Estate Tax Increases; Tax Repercussions of COVID-19-Driven Workplace Trends: Planning for Section 529 Accounts After COVID-19 Effects on Higher Education

Estate Planning in the first half of 2020 continues to be impacted by recent events, current trends, and contingency planning. This Client Alert, written by Michael Whitty, provides information on three hot topics:

1. Planning for Predictable Reductions in Estate and Gift Tax Exemptions, Whether Or Not Congress Adopts Candidates’ Proposals
2. Tax Repercussions of COVID-19-Driven Changes to Workplaces, Careers
3. Planning for Section 529 Accounts Due To COVID-19 Effects on Higher Education