Financial Sense Newshour speaks with Robert Wood, Managing Partner at Wood LLP and often listed as one of America’s top-ranked tax attorneys, to discuss the monumental changes coming to individuals, particularly Californians, from the new tax bill. Wood says high-income individuals using trusts located in low-tax states are likely to be challenged with greater attempts by states like California to “chase people” for taxes that decide to move. Wood also covers impacts to state and local tax (SALT) deductions, what analysts believe this may to do the real estate market, and other key changes. Click here for a full archive of Lifetime Income broadcasts.
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