The Estate Tax: The Politics of it All!
The Estate Tax celebrated its 100th Anniversary this year. Over the years, the law has changed many times due to various factors; wars, economic expansion, recession, revenue surpluses, revenue deficits, etc. But nothing has influenced the change in the law more than politics and it will continue to do so in the next session of Congress.
Please join this session to learn the history of the estate tax, and how politics played a role in the legislative process in the past, and will continue to play a role going forward. Important to the evening’s takeaways is how the Treasury’s decisions to eliminate the discount for family related parties (Proposed Changes to Section 2704) will impact your clients; families who own businesses. Pat Soldano will help attendees understand what changes could occur with a new President and, just as importantly, a new Congress.
Please join us for a robust interactive discussion about the impending changes. Feel free to invite your family business clients who share your interests in this topic and would like to spend an evening learning more. This evening promises to be factually informative and not driven by one-sided political interests or partisanship.
About the Presenter:
Patricia M. Soldano,Founder, Policy and Taxation Group GenSpring Family Office Consultant
Patricia M. Soldano has spent over 25 years managing family offices, providing full service, integrated family office services to many families. She developed Cymric Family Office Services into a multi-family office in 1996, and in January of 2009, Cymric became part of GenSpring Family Offices. Pat served as Managing Director of the West for GenSpring until December 2014 at which time she retired and is now a Family Office Consultant.
Through the years of serving families, Ms. Soldano has experienced the death of clients and the very destructive effect the estate tax had on their families. So in 1995, Ms. Soldano founded Policy and Taxation Group to educate Congress, the President, and the public about the devastating effects of gift, estate, and generation skipping taxes on families. The organization encourages estate tax reform and has testified before the Congressional Ways and Means Committee on this issue. Ms. Soldano is a recognized speaker on the topic of family wealth; she has been published in Trusts & Estates magazine, Private Wealth, The Washington Post, Forbes, Wealth Manager magazine, Fund Fire, Infovest, and other newspapers and periodicals.