Democrats may rein in big estates without reforming the estate tax

Democrats may limit some strategies used by wealthy Americans to reduce or avoid estate taxes, according to a list of potential tax reforms connected to their $3.5 trillion budget plan. The strategies include grantor-retained annuity trusts, intentionally defective grantor trusts and non-economic valuation discounts. They're often used by multimillionaires and billionaires to gift appreciated assets […]

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