Northern Trust Chief Fiduciary Officer Hugh Magill is featured in a brief video that addresses what you may do today to take advantage of what is possibly a short-lived period in the taxation of wealth transfers in the United States. Strategies to consider include:
- Forgive a loan to a family member
- Establish a "Special Needs" trust
- Transfer unique assets
- Consider a gift to a partner
- Fund inheritances with a gift
The views, opinions and investment information expressed are those of the individuals noted herein, do not necessarily represent the views of Northern Trust or any other person in the Northern Trust organization, are subject to change based on market or other conditions and are not intended to influence your investment decisions.