Capital Building in Washington D.C.

Legislation & Policy

What they mean for your wealth plan.

Take a deep dive into the latest economic, tax and financial policies that could influence your wealth strategy. Find out what our experts will be factoring in when they consider your plan and get details on what to expect in the short- and long-term.

House Bill Proposal May Reshape Insurance Trusts, Here are the Steps to Plan Ahead

On September 13, 2021, the House Ways and Means Committee Chairman Richard Neal introduced the Committee’s proposed budget tax provisions. One of the proposed provisions would tighten the rules applicable to grantor trusts.

Staying Ahead of Congress: Legislation Could Affect Your Estate Plan, Here’s What You Can Do to Plan Now

"Tax legislation is not a promise, and a taxpayer has no vested right in the Internal Revenue Code.” Justice Harry Blackmun, United States v. Carlton, 1994.

Tax Update: Retirement Provisions of House Ways and Means Committee Tax Proposal

High Earners with Very Large Retirement Plan Balances See a Big Impact.

2021 Tax Update: Comparing and Preparing for the Latest Tax Proposals

Proposals call for significant increases on taxes paid by high-net-worth individuals.

Legislative Watch: Changes That May Impact Donor-Advised Funds or Your Private Foundation

On June 9, 2021, Senators Chuck Grassley (R-IA) and Angus King (D-ME) introduced the Accelerating Charitable Efforts (ACE) Act. If enacted, the legislation would heighten transparency and expedite the pace of resources flowing from donor-advised funds (DAFs) and private foundations to working charities.

Trust Tax Update: Could the Biden Administration’s Deemed Realization Proposal Affect Your Charitable Trust?

The White House’s 2022 budget request includes tax changes – many of which could influence certain trusts and how gains are taxed. Changes would take effect January 1, 2022, so the time to consider changes is now.

2021 Tax Planning Update: Current Spending Proposals and Potential Impact to Taxes

The American Jobs Plan — also known as the Infrastructure bill — was introduced by President Biden on March 31, 2021. The plan proposes spending of $2.3 trillion over eight years on a variety of initiatives.

Key Questions: What Does Fiscal Stimulus Mean For Fixed Income?

Interest rates may continue to climb, but some bonds stand to benefit.

Stimulus Round Three: What the American Rescue Plan Act Means for You

On March 11, 2021 President Biden signed into law the $1.9 trillion American Rescue Plan Act of 2021 (“ARPA”), the third relief package implemented to address the COVID-19 pandemic.

Key Questions: How Much Stimulus Is Too Much?

How much stimulus would trigger inflation might be the bigger question.

Biden Administration Update: Potential Tax Plans with a Democratic Controlled Congress

With the Georgia Senate runoff elections in the rear-view mirror, Democrats will control both the White House and Congress for the first time since the 2010 midterms.

Key Questions: What Will Joe Do?

Well, it’s over. Almost. The largest (with respect to turnout), most expensive, and arguably the most contentious election in our country’s history appears to have ended.