If enacted in its current form, the proposed “Tax Cuts and Jobs Act” (the “Act”) will substantially impact the income, gift, estate and generation skipping taxes. Should the bill become law, there are likely to be significant changes made to it, and we will keep you apprised of those as developments unfold.
Please click below for a brief summary of the provisions of the Act most directly affecting individuals and families. Unless otherwise noted, the effective date for the following provisions is January 1, 2018.
