One Big Beautiful Bill Act (OBBBA)
The lead up to and eventual passing of the One Big Beautiful Bill Act (OBBBA) has garnered significant attention in the industry. Now that the dust has begun to settle, many advisors are eager to understand the impact this will have on their clients. Below, we outline the high-level details of six key provisions of particular relevance to advisors and their clients. As with any new legislation, it is possible that some of the finer details may be further clarified over time.
Types of Trusts
Trusts can play an important role in the estate planning process, with many types each suited to various client situations and goals. While it is best to work with an estate planning attorney, having a basic understanding of the most common types can help you start the conversation with your clients:
