This year’s economic woes due to the pandemic may trigger next year’s tax increases to address the $3.3 trillion deficit spending in 2020. This means higher future taxes and lower future estate and gift tax exemptions may be enacted in 2021, so you should take advantage of some potential use-it-or-lose-it planning opportunities before this year ends.

Download our latest whitepaper where BPM’s Private Client Services professionals explain current tax opportunities and potential changes in the future.