Overview
With the enactment of the One Big Beautiful Bill Act, family offices and high-net-worth individuals now face the most significant changes to US tax law since the 2017 Tax Cuts and Jobs Act. These new provisions directly impact income tax planning, estate and gift strategies, charitable giving, and cross-border investment structuring.
Join McDermott’s Tax and Private Client teams for a timely discussion highlighting key elements of the final legislation and practical strategies for family offices to effectively navigate the updated tax environment.
Discussion topics include:
- Permanent extension of individual income tax rates and related strategic considerations
- Increases to estate and gift tax exemptions and planning opportunities
- Enhanced tax benefits for Qualified Small Business Stock and Opportunity Zones
- Expanded SALT deductions and effective use of pass-through entity tax elections
- Important unchanged provisions (carried interest, PPLI, PPVA, private foundations)
- Significant international tax updates, including changes to GILTI, FDII, BEAT, and cross-border considerations for family offices
Register here.
