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Podcast: Retire With Style
Episode: Episode 203: OBBBA and You, Part 3: Building, Passing, and Protecting Wealth Under OBBBA
Description: This is the third and final installment of our discussion with Brett Layton, which explores key updates to tax laws, including estate tax limits, the alternative minimum tax, expanded uses of 529 plans, new “Trump accounts” for children’s savings, and changes to clean energy credits and business taxes. It emphasizes the importance of understanding these updates for effective financial and tax planning.
Takeaways
Estate tax limits are increasing, providing more leeway for wealth transfer.
Paying income taxes can strategically reduce your taxable estate.
The estate planning community has been advocating for higher exemptions.
529 plans are evo...