Trump tax framework’s approach to estate taxes, generation skipping tax and gift tax
This column first appeared in the San Antonio Express News on October 2, 2017. On September 27, President Trump announced a nine-page framework to modify the tax code’s 74,000+ pages. Clearly more details must be announced, and should become public when an actual bill is filed in Congress. Currently, the federal estate tax is imposed when an unmarried person dies with more than $5.45 million in assets, or when the second spouse dies with more than $10.9 million in assets. Suc