Estate planning in light of a new presidential administration: What should you do now?

The recent changes in the White House and the Senate may have you wondering how the federal estate and gift tax laws may be affected and when changes may be forthcoming. During the presidential campaign, Joe Biden pledged to roll back many of President Donald Trump’s tax policies. In response to the Tax Cuts and Jobs Act (TCJA), President Biden has promised a progressive approach to taxation, focused primarily on increasing the burden on high-income individuals and businesses. Now that there…