Estate Planning under President Trump’s “One, Big, Beautiful Bill”
On May 22, 2025, the U.S. House of Representatives passed President Trump’s One, Big, Beautiful Bill. The bill now awaits approval by the Senate. One of the various goals of the bill is to extend the Tax Cuts and Jobs Act’s (TCJA) estate tax provisions beyond 2025. Consequently, if the bill is approved and signed into law, it will impact the future of estate planning.