Estate Planning in 2025: What Can We Expect?
- Adam Bartsch
- Mar 1
- 1 min read
It was just one year ago, in the lead-up to the November election, that Senator Elizabeth Warren (D-Mass.) re-introduced the Ultra-Millionaire Tax Act. The bill was co-sponsored by Vermont Senators Bernie Sanders and Peter Welch. It proposed a two percent tax on the net worth of households and trusts between $50 million and $1 billion; and an additional one percent (3% total) on the net worth of households and trusts above $1 billion.
What a difference a year makes. If there’s one thing for certain we won’t see in 2025, it’s passage of the Ultra-Millionaire Tax Act. But what are we likely to see in the upcoming year that affects estate planning? The first six weeks of the second Trump administration make an argument that truly anything is possible and nothing should be too surprising.
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