Business
Rick and Tammi discuss the dramatically different positions of the Trump and Biden campaigns regarding estate and income tax planning. The impact of a potential Democratic administration includes a need for close examination of client estate and financial plans, as well as a likely return to increased insurance recommendations coupled with special trust planning to help clients deal with likely increased estate tax exposure. Show Notes The election coming up - 2:05 Two visions about planning - 3:28 Trusts and estate planning - 5:40 Insights about taxes - 12:54 The democratic’s position vs Trump’s position - 15:33 Life insurance and trusts - 23:19 The importance of having an insurance policy - 24:14 A democratic control in congress - 25:30 Having access to cash value - 27:57 What will happen if there’s a Biden administration? - 30:54 The Federal estate tax - 33:26 Being able to answer clients’ questions - 35:52 Taking into account the projections - 37:10 About the election - 39:25 Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you’re subscribed to the podcast so you get the latest episodes. Subscribe with Apple Podcasts Follow on Spotify Subscribe with Stitcher Subscribe with RSS