United States: Wills/ Intestacy/ Estate Planning

President Donald Trump's massive tax-and-spending package requires attention from both individuals and estate planners to advance their estate and income tax planning objectives.

On July 4, 2025, President Trump signed the "One Big Beautiful Act" into law. Of its 870 pages and its massive impact on virtually all Americans, only one provision (on page 227) affects the estate tax, gift tax and Generation-Skipping Transfer (GST) tax, but it is a very important one.

Spanx CEO Sara Blakely drives a fake commute. Goop CEO Gwyneth Paltrow meditates with her eyes open. Los York CEO Seth Epstein eats three peeled hard-boiled eggs upon reaching his desk every morning.