Spring Cleaning & Planning: Financial Style

In our latest newsletter, we dive into key legislative developments and highlight the timely steps you can take to protect and strengthen your financial future. We begin with an overview of President Trump’s early tax priorities as he begins his new term, including potential changes that could impact both individuals and business owners. Then, we shift gears to explore how you can make the most of the next 100 days with a fresh look at your financial and estate planning goals. Finally, we highlight key pieces of estate planning legislation that continue to influence how you protect and pass on your assets.

President Trump’s First 100 Days: Tax Policy in Focus
As President Trump begins his new term, his administration has made it clear that tax policy is a top priority. Despite ongoing uncertainty around broader legislative goals, both Trump and Republican leaders are aiming to extend key provisions of the expiring Tax Cuts and Jobs Act (TCJA), originally signed into law during Trump’s first term. Additional proposals have also surfaced, including potential tax relief on tips, overtime pay, and Social Security benefits.

How to Make the Most of the Next 100 Days
Spring offers the perfect moment for a reset, both around the house and in your personal affairs. It’s a season to let in fresh air, clear out the clutter, and tackle the tasks that often fall by the wayside. That includes revisiting your estate plan, updating important documents, and getting your financial life back in order.

Key Estate Planning Legislation to Know
Tax policy is always evolving, and while much attention is given to current rates and rules, understanding the legislative history behind them can be just as important, especially when it comes to estate planning. Past laws continue to shape today’s strategies and future outcomes.