Trump Presidency: Yes, Estate Planning Is Still Important

President Trump’s Victory Means Estate Planning Changes, Not That it Should Be Ignored

With President Trump’s victory, and Republican control of the Senate and it appears likely the House too, it is unlikely that harsher estate taxes will be imposed on the wealthy in the next four years. Does that mean everyone can forget estate tax planning? That would not be prudent. But estate planning is now different from what it was only a few short weeks ago. The mantra of many estate planners has been “use your exemption before it is reduced in 2026.” That won’t cut the planning mustard in the new environment. But ignoring planning is probably more imprudent.