I’ve spent many DAYS going over two new bills currently proposed in Congress (For the 99.5% Act and the Sensible Taxation and Equity Promotion (STEP) Act), and now the President’s latest tax increase plans.
“Substantial and Far-Reaching” is is how Baker Hostetler described the oncoming tax law changes (CLICK HERE FOR THAT ARTICLE).
To me, it is perhaps a Tsunami. The totality of changes coming are going to upend sophisticated estates (i.e. that of your major gift donors) across the board. Perhaps hundreds of thousands of people, maybe millions, will need to seek immediate counsel on their estate plans. And, planned giving may be headed back to the fore.
Check out my webinar next week – May 6th at 12 pm EST – I will go over the major changes that fundraisers need to be apprised of, in a simple, easy to understand approach – designed for non-lawyers nor accountants!