Estate and Financial Planning—What’s at Stake in this Year’s Election!

Rick and Tammi discuss the dramatically different positions of the Trump and Biden campaigns regarding estate and income tax planning. The impact of a potential Democratic administration includes a need for close examination of client estate and financial plans, as well as a likely return to increased insurance recommendations coupled with special trust planning to help clients deal with likely increased estate tax exposure.

Show Notes

• The election coming up - 2:05
• Two visions about planning - 3:28
• Trusts and estate planning - 5:40
• Insights about taxes - 12:54
• The democratic’s position vs Trump’s position - 15:33
• Life insurance and trusts - 23:19
• The importance of having an insurance policy - 24:14
• A democratic control in congress - 25:30
• Having access to cash value - 27:57
• What will happen if there’s a Biden administration? - 30:54
• The Federal estate tax - 33:26
• Being able to answer clients’ questions - 35:52
• Taking into account the projections - 37:10
• About the election - 39:25

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