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Build Back Better's Proposed Grantor Trust Changes: A Planning Urgency Assessment

Late-2021 estate planning conversations were shaped by proposed legislation that could materially change the tax treatment of certain grantor trust strategies. Even without final enactment, the proposal created real urgency.

Originally publishedNovember 20211 min readTrusts & Estates

Why planners moved quickly

When legislation targets existing planning techniques, the question becomes whether to act while current law is still available. That is especially true where trusts, valuation work, and asset transfers take time to execute properly.

What families needed to evaluate

  • whether existing plans depended on grantor trust treatment
  • whether pending transfers should be accelerated
  • whether legal documents and appraisals could be completed in time

Bottom line

Proposal-driven planning should still be disciplined. Acting quickly only helps if the structure being accelerated still fits the family and the facts.

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