Signed on July 4th, the "One Big Beautiful Bill Act" brings major updates to estate taxes, Medicaid, senior benefits, and family trusts—some good, some not so good.
Here’s the short version:
✅ Higher estate tax exemptions (up to $30M for couples!)
✅ New tax breaks for most Social Security recipients
✅ A brand new way to pass wealth to your kids tax-deferred
⚠️ BUT—cuts to Medicaid funding and shifting state rules could impact long-term care access.
This law impacts nearly every family we work with, whether you're planning your legacy or caring for aging parents.
📞 Don’t guess. Contact Ross and Shoalmire today. Let us walk you through what it means for you.
Smart planning starts now.