Spencer Fane attorney Namrita Notani recently had her article, How the American Housing and Economic Mobility Act May Affect Estate Planning, published by WealthManagement.com.
The piece originated as a firm blog post and explores the significant impact pending legislation may have on estate planning professionals and their clients. Namrita shares that the changes proposed by the American Housing and Economic Mobility Act of 2024 present tax-related challenges and opportunities in areas such as estate planning and charitable giving, particularly for individuals of high net worth.
“Given the breadth of these proposed changes, estate-planning attorneys must proactively advise clients on strategies to mitigate potential tax liabilities,” she said. She then outlined potential action items, including maximizing annual exclusion gifts, accelerating charitable contributions, and reviewing and restructuring trusts.
At Spencer Fane, Namrita’s practice focuses on all aspects of helping clients develop effective and beneficial wills and testaments, trusts, powers of attorney, and other related estate planning documents. She prioritizes plans that minimize, defer, and eliminate taxes and ensure protection and disposition of all assets through easy-to-understand advice that gives clients a clear picture of their tax, trust, estate, and business succession plans.
Read the full article here.