Examining the Potential Pitfalls and Opportunities for Wine Businesses

While the tax increases in President Biden’s $1.8 trillion infrastructure plan targeted the wealthy, the recent release of the American Families Plan did not include anticipated changes to estate tax rates and exemptions. This does not mean that your estate plan is out of the woods. Join us as KCoe Isom explains what the expected changes could mean to businesses in the wine industry.

KCoe’s estate plan experts will provide an update on what’s ahead, as well as analysis and suggestions for estate plan preparations around these areas:

• Potential estate tax increases
• Estate tax exemptions (automatically cut in half effective January 1, 2026 under current law)
• Proposed changes to un-realized gains and the step-up in basis rules at death

They’ll explain why important considerations and steps made today can minimize the tax code changes that could come later this year.