2020 Leaves an Indelible Imprint on Estate Planning2020 Leaves an Indelible Imprint on Estate Planning

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ast year produced statutory, regulatory and case law developments that, coupled with a tumultuous national election, will reverberate in the estate-planning profession for years to come. Summarized below are a few highlights.

Election Results

As of this writing, the results of two Senate races in the Nov. 3, 2020 election haven’t been finally determined. If one or both of the Republican U.S. Senate candidates in the Georgia runoffs prevail, it would appear that, at least within the next two years, significant modifications in tax law that would impact estate planning are unlikely to occur. On the other hand, if both Democratic candidates in the U.S. Senate race in Georgia are victorious, the stage will be set for some dismantling of the ...