LAW. PRACTICED BETTER.
New Tax Proposals Could Shake Up Estate Planning for Generations
April 7, 2021
Members of the Senate majority have proposed two pieces of legislation intended to tax high net worth families. The two bills, the “For the 99.5 Percent Act”, sponsored chiefly by Sen. Bernie Sanders, and the “Sensible Taxation and Equity Promotion (STEP) Act”, led by Sen. Chris Van Hollen, stand to upend some of the most commonly used estate planning tools and raise billions in revenue for the Federal government. MSF Taxation & Estates Chairs Brenda Crandell and Bob Goldberg along with Partner Saverio (Sam) Cereste and Associate Andrew Epstein, explore the new tax proposal and how it will affect estate planning in this MSF Client Alert.
To read the full client alert, please click here.
Bob G. Goldberg
Partner | Chair, Taxation & Estates
(212) 655-3526| bgg@msf-law.com
Brenda M. Crandell
Partner | Chair, Taxation & Estates
(646) 539-3792| bmc@msf-law.com
Saverio V. Cereste
Partner | Taxation & Estates
(646) 273-8209 | svc@msf-law.com
Andrew S. Epstein
Associate | Taxation & Estates
(646) 860-3149 | ase@msf-law.com