Last week House Democrats proposed changes to the federal tax code that, if enacted, would dramatically shift the estate tax landscape, including the elimination of many common estate tax mitigation strategies. Of course, the legislative process is very much in flux and it is possible that these proposals may not be enacted in their current form. Still, there may well be limited time to act, and the potential consequences are significant enough to consider taking immediate steps.

Based in Boston, Hemenway & Barnes LLP has served for 150 years as trusted counsel to the region’s high net worth families, businesses, and nonprofit organizations. The firm is uniquely designed as a home for legal and financial expertise, with a focus on providing each client with services that are specifically tailored and results-oriented. Areas of expertise include estate planning, litigation, corporate work, and real estate. Its affiliate, Hemenway Trust Company LLC, is a New Hampshire based, private trust company offering a full range of wealth advisory and management services.