Washington Watch: Fiscal 2024 Budget
Earlier this year, the Biden Administration released its 2024 proposed budget, which outlines its priorities for the next fiscal year. Consider this a ‘wish list’ of the administration’s top priorities, but also remember it is unlikely that many of these proposals will be enacted into law given the realities of a divided Congress.
However, as we approach a presidential election year, we expect many of the issues—especially those around taxes—will become focal points of the campaign.
We have highlighted several of the key provisions around financial, trust, and estate planning for ultra-high-net-worth families.