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Framework for Tax Reform Announced

Estate Planning Alert

October 2, 2017

On September 28, the Trump Administration and the Republican Congressional leadership announced their framework for tax reform. Many of the crucial details have been left for Congress to decide, but the major points of the framework include:

For individuals:

For C corporations:

All of the details for this framework, except as noted above, will be negotiated over by Congress over the next few weeks, with the Congressional leadership anticipating completion of the work by the end of this month. As more details are announced and adopted, we will send out further reports. If you desire further information about this report, please contact Alvin Goldman at (212) 471-6207 or agoldman@hinshawlaw.com.

This alert has been prepared by Hinshaw & Culbertson LLP to provide information on recent legal developments of interest to our readers. It is not intended to provide legal advice for a specific situation or to create an attorney-client relationship.

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