Publications

Kamala Harris Endorses American Housing and Economic Mobility Act Tax Proposals
Capital Gains, Estate Planning, Tax Planning Matthew Erskine Capital Gains, Estate Planning, Tax Planning Matthew Erskine

Kamala Harris Endorses American Housing and Economic Mobility Act Tax Proposals

In a significant development, the Kamela Harris presidential campaign has announced its endorsement of the estate tax reforms outlined in the American Housing and Economic Mobility Act of 2024. This support from the Harris campaign is expected to galvanize broader Democratic backing for the bill, potentially enhancing its chances of passage. By aligning with these tax proposals, the Harris campaign is positioning itself as a champion of economic justice and housing affordability—key issues in the upcoming election.

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IRS Form W-9 Changes and Their Impact on Trusts and Estates

IRS Form W-9 Changes and Their Impact on Trusts and Estates

In March 2024, the Internal Revenue Service (IRS) unveiled a revised version of Form W-9, Request for Taxpayer Identification Number and Certification, marking a significant update since its last revision in 2018. This change introduces new reporting requirements, particularly affecting flow-through entities such as trusts and estates. Refiliing may be necessary in certain circumstances.

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The Challenge Of Trustee Selection

The Challenge Of Trustee Selection

The most challenging decision an estate planner must make is who to recommend as a trustee for a client. Trusts execute the estate plan, and the trustee is the lynchpin of any trust. The trustee plays multiple roles; a financial and ministerial role; they are responsible for the prudent investment of assets as well as administrative and executive duties of overseeing the trust; the role of consigliere to the family, a trusted advisor and counselor willing to argue with the client when needed, without ambition and giving dispassionate advice

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