Concerns over an impending “blue wave” of Democrats taking over the Senate caused our phones to ring in September. DeAngelis Legal spent a significant amount of time with these high net worth clients throughout Arizona describing and evaluating the best alternatives for utilizing their remaining estate tax exemptions before the end of the year. Several clients have already pulled the trigger and several more are preparing the documents to have on the shelf. Strategies include everything from significant gifts of cash into existing structures to complex new structures involving family entities and trusts for the recipients. See more on the potential impact of the election at Election Impact on Estates and Trusts
