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Author Archives: Gabrielle Saulsbery

Estate planning for the Biden era (access required)

Joe Biden proposed some fairly substantial changes in the estate tax landscape while on the campaign trail based on “[raising estate taxes] back to the historical norm.” The top gift and estate tax rates – currently 40% -- ranged from 45% to 55% in the period of from 1984 to 2009 and the tax exemption for that stretch, currently at $11.58 million, ranged from $600,000 to $3.5 million. Biden indicated that the exemption would be reduced to $3.5 million and the estate tax rate would be increased to 45%.

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Winning with wine (access required)

David Wolin, the owner of Old York Cellars winery in Ringoes and former Biglaw attorney, is a self-proclaimed worry wart. While peers spent March thinking all could go back to normal in a matter of weeks, Wolin and Old York took the position that pandemic-related changes might go on for a year.

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