The Potential Biden Tax Changes: What YOU Can Do About Them

Will Congress Turn Back Time on the Estate Tax?  Will the Capital Gains Tax Be Increased or Capital Gains be Eliminated and Taxed as Ordinary Income?  Join Us for an Informative Presentation by the Experts at Alliance Bernstein, Financial Advisors and Money Managers.  Get a Glimpse Into the Future of the Biden Administration’s Tax Proposals.

Is sweeping tax reform right around the corner? Democratic control of Congress may increase the prospect of tax increases.  As a result, many real estate owners and professionals must decide whether to use their gift and estate tax exclusion in advance of any change. If you are considering selling a property,  should you do so in 2021? Congress’ ability to make reforms retroactively complicates your decision. How should you handle the ambiguity?

Currently, the basic estate tax exclusion amount stands at an inflation-adjusted $11.7 million per person ($23.4 million per married couple). President Biden’s campaign floated the idea of reducing the exclusion amount to $3.5 million per person ($7 million per married couple). That represents more than a 70% decrease. Suggestions of returning the estate tax law to 2009 levels have surfaced. In addition to the $3.5 million estate tax exclusion, that would mean a 45% transfer tax rate, instead of 40% today, $1 million gift tax exclusion available during life, and no indexing for inflation.  There has also been speculation that the Capital Gains Tax as we know it today, could be a thing of the future.

IF YOU ARE MAKING ESTATE PLANNING DECISIONS OR THINKING ABOUT SELLING ONE OR MORE OF YOUR PROPERTIES, THIS IS THE WEBINAR THAT YOU JUST CANNOT AFFORD TO MISS.

Leading financial advisors and wealth strategy experts, Andrea Kushner and Christopher Clarkson of Alliance Bernstein, Financial Advisors and Managers, join us to discuss the many tax proposals and regulations they see coming out of the Biden Administration, and what YOU can do today to protect YOUR investments.  PLEASE, join us for what will most certainly be an informative online seminar via ZOOM.

During the webinar, we will cover the following:

• What things are possibly hidden in the Biden tax plan? Learn the pluses and minus that may impact you.
• High level point of view of the basics on how apartment building owners can hold assets, and yes, avoid tax and probate issues relating to real estate investments.
• Should you form an LLC or hold title to your property in some other way to best preserve your wealth?
• What should YOU be doing today to plan for your future or and get ready for future changes in the tax code?
• Is it too late to change YOUR investment strategy? Setting short-term, mid-term and long-term goals.
• How does rental property fit into YOUR overall tax planning and investment strategies?
• And, so much more. YOUR questions will help lead the discussion.

This will be a live, interactive, online learning session.  Live Q&A will take place throughout the online seminar.  Please join us for what will surely be an extremely informative and entertaining presentation by Patti Widget.

Please log in to register on our website at www.aagla.org. If you have any questions, please contact Events Manager, Diana Alcaraz, via email at . We look forward to seeing you. Please stay diligent and be healthy!

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