Planning Briefs
Private Wealth’s Perfect Storm
Published Wednesday, August 19, 2020 at: 6:23 PM EDT
(Wednesday, August 18, 2020; 7:30 PM EST) Amid the Covid pandemic, changes in tax, financial, and economic arenas have created a deluge of added complexity managing private wealth. Here's an overview of the abrupt change in conditions now battering private wealth, which, when taken together, amounts to a "perfect storm:"
Tax Policy. Budget shortfalls across the states as well as at the federal level are expected to result in steep hikes to state and federal income and transfer taxes.
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