How the One Big Beautiful Bill Is Shaping Estate Planning
One of the most important developments in federal tax law in recent years is the passage of the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025. This sweeping legislative package — which touches everything from income taxes to business provisions — also brings significant changes to the federal estate, gift, and generation-skipping transfer (GST) tax system that directly affect how we plan for wealth transfer and legacy.