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

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