Knowledge Library

New Tax Proposals Could Shake Up Estate Planning for Generations

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 Goldberg

Bob G. Goldberg
Partner | Chair, Taxation & Estates
(212) 655-3526|

Brenda M. Crandell
Partner | Chair, Taxation & Estates
(646) 539-3792|

Saverio V. Cereste
Partner | Taxation & Estates
(646) 273-8209 |


Andrew S. Epstein
Associate | Taxation & Estates
(646) 860-3149 |