The team at Dodson Parker Behm & Capparella, PC shares updates and thoughts on developments in the law.

How Trump’s Tax Proposal Affects You

October 14, 2017

Trump’s new tax proposal makes some changes that could affect your estate planning.

  1. Both the estate and generation-skipping taxes get the boot.
  2. What about stepped up basis under I.R.C. § 1014? R.C. § 1014 provides that, for most property, a decedent’s beneficiaries receive a step up in basis to fair market value at the decedent’s date of death.  Thus far, the proposed changes don’t affect I.R.C. §1014.
  3. Regarding retirement, the proposal states, “Tax reform will aim to maintain or raise retirement plan participation of workers and the resources available for retirement.” The proposal does not address questions relating to the possible elimination of stretch inherited IRAs.

Read more at Bloomberg Law Tax Management Weekly Report, October 2, 2017, “Big Six Tax Framework: 5 Policy Decisions” (subscription required).

Post by: Jillian Mastroianni


▼  More from the Blog  ▼


<h2 class="widget-title widgettitle">CONTRIBUTORS</h2><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->


  • RECENT NEWS

<!-- [et_pb_line_break_holder] --><h4><strong>Tweets</strong> <span class="timeline-Header-byline" data-scribe="element:byline">by <span style="color: #449ccf;"><a class="customisable-highlight" style="color: #449ccf;" title="‎@dodsonparker on Twitter" href="https://twitter.com/dodsonparker">‎@dodsonparker</a></span></span></h4><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->
Attorney and thespian Donald Capparella is profiled in @SuperLawyers Magazine’s 2022 Mid-South edition with an in-depth look at his passions for both theater and the law.
https://t.co/5jNwhcg3G7

Dodson Parker Behm and Capparella PC
1310 Sixth Avenue North
Nashville, TN 37208

Ph. 615-254-2291 | Directions

Terms of Use
Copyright Policy


The information found on this website is not intended as legal advice. You should not act on any information contained within the website without consulting legal counsel regarding your particular situation.

We’re proud to call Nashville’s Historic Germantown Neighborhood our home.
You’ll find us here 7:30 am – 5:00 pm weekdays.

Privacy Policy