Tax attorneys and accountants love their acronyms. Some seem deliberately designed to confuse the rest of us. For example, QTIP trusts. They have nothing to do with ear cleaning or model airplane construction. QTIP stands for Qualified Terminable Interest Propert...
The Build Back Better Act (H.R. 5376) will almost certainly contain changes that will impact estate taxes. The Act is not finalized, but you should plan to work with your estate planner to make changes to compensate.
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