With the Tax Cuts and Jobs Act of 2017 (PL 115–97) now in effect, estate tax planning has become more complicated. Some parts of the tax code related to estate planning have remained the same, but others have changed (temporarily), creating issues that need to be addressed and opportunities to be pursued. To ensure clients are on track to meet their goals and take advantage of new planning opportunities, it is imperative they review their estate plan as soon as possible.
Mark R. Parthemer, Esq., AEP, is managing director and senior fiduciary counsel, southeast region, overseeing estate and legacy planning services at Bessemer Trust, an exclusive wealth management firm. He is an ACTEC Fellow; a frequent national lecturer and published author; chair, ABA Non-Tax Issues Affecting Estates and Trusts Committee; member, Florida and Pennsylvania Bars, Synergy Summit, and the Florida Bankers Association Executive Council; and chair, Trust Legislation Committee. He has been part of the University of Miami’s Heckerling faculty and is a former adjunct professor, Widener University School of Law. Mark often has been recognized as one of the Best Lawyers in America and a Florida Legal Eagle.