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In late March, Senate Budget Committee Chairman Bernie Sanders introduced a bill that would decrease the estate tax exemption from $11,700,000 to $3,500,000 and the lifetime gift tax allowance to $1,000,000. Under the proposed law, estate tax rates would also increase from a flat 40% to a progressive scale ranging from 45% to 65%.

This has pushed business owners to ask the important question: What’s my contingency plan?

Lisa Clifford, Family Wealth Strategist, leads an engaging discussion in this second installment of the Unlocking Opportunity workshop series. Listen in as Lisa is joined by Managing Director of Family Wealth Consulting, Jeffrey T. Getty, and Senior Director of Family Wealth Consulting Francis P. Brown to boil down the complexity of possible Congressional tax laws. Get up to speed on the simple, proactive, actionable moves you can make now to prepare for an uncertain future.

To understand more about how 2021 tax proposals may impact your business, contact our speakers through our Business Advisory Services team mailbox.

Any opinions, projections, or recommendations contained herein are subject to change without notice and are not intended as individual investment advice.

This material is presented for informational purposes only and should not be construed as individual tax or financial advice.

KeyBank does not provide legal advice.

Investment products are:

NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY