Tax proposals fill the air

Sid Queler

August 01, 2021

The clamor of official and unofficial tax proposals can be overwhelming, but there are ways to prepare for any changes that may be ahead.

There’s been a lot of talk lately about the potential tax changes coming out of Washington—specifically the For The 99.5% Act, the Sensible Taxation and Equity Promotion (STEP) Act, and President Biden’s proposals. Uncertainty about tax law has left many people with questions about estate plans and wealth transfers. 

I recently sat down with my colleague, Theresa Marx, senior wealth strategist at CIBC Private Wealth, US, to discuss these tax proposals, as well as solutions that may help Americans prepare for what the future may hold.  

For more on how these potential tax changes may affect you, read:
Biden’s tax proposals
What to know about recently proposed transfer tax legislation
Biden’s opening bid: Initial thoughts on an ambitious agenda

If you want to learn more about flexible planning options during this time of uncertainty—for example, Spousal Lifetime Access Trusts (SLATs), disclaimer planning, formula gifts, and income smoothing and acceleration—or have any questions, please contact Sid Queler at or 617.531.6954.

Sidney F. Queler is the chief growth officer of CIBC Private Wealth, US. In this role, he leads the firm’s business development team, setting strategies and practices that broaden relationships with individuals, families, foundations and endowments. Sid also serves as a member of the CIBC Private Wealth, US Operating Committee and as a member of the advisory team for the firm's Boston office. In addition to leading national business development, he remains actively involved with client relationships.