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Should I Care About the Biden Administration Green Book?

Martin M. Shenkman and Joy Matak suggest that advisors identify specific categories or particular clients who might consider preemptive planning before further changes are made.

The Biden administration has issued its annual list of legislative and revenue priorities, entitled the “General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals Analysis and Discussions” (the Green Book). The Green Book contains extensive tax proposals that could significantly impede estate-planning opportunities currently available to our clients if enacted.   

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