{"id":53222,"date":"2025-08-01T19:22:11","date_gmt":"2025-08-01T19:22:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/53222\/"},"modified":"2025-08-01T19:22:11","modified_gmt":"2025-08-01T19:22:11","slug":"trumps-bill-is-changing-wealth-planning","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/53222\/","title":{"rendered":"Trump’s Bill Is Changing Wealth Planning"},"content":{"rendered":"

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\n \u00a9FRANCIS CHUNG\/POOL\/EPA \/ Shutterstock <\/p>\n

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GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n

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20 Years
Helping You Live Richer<\/p>\n

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President Donald Trump\u2019s \u201cOne Big Beautiful Bill,\u201d signed into law on July 4, introduces sweeping tax changes that could significantly impact your financial strategy<\/a>. From bonus depreciation to estate planning, the bill revives and expands many provisions from the 2017 Tax Cuts and Jobs Act \u2014 and adds new ones.<\/p>\n

GOBankingRates spoke with Rob Edwards, managing director and senior PIM portfolio manager at Edwards Asset Management<\/a>, to learn how he\u2019s helping clients adapt to the new landscape<\/a>.<\/p>\n

1. Adjusting Portfolios for Inflation and High Interest Rates<\/p>\n

With more government spending and bigger deficits on the table, we\u2019re not expecting inflation \u2014 and therefore interest rates \u2014 to come down anytime soon. We\u2019re shifting toward investments that can protect against inflation<\/a>. <\/p>\n<\/p>\n

Our goal is to support portfolio growth and help preserve purchasing power, so our clients won\u2019t need to make lifestyle cuts.<\/p>\n

2. Using 100% Bonus Depreciation To Maximize Tax Savings<\/p>\n

Bonus depreciation is back at 100%. This is a major tax break for our business owners and real estate-focused clients who are considering making capital improvements or big-ticket purchases. <\/p>\n

We\u2019re working with these clients and their tax professionals to evaluate whether accelerating some investments makes sense from a tax and cash flow perspective<\/a>.<\/p>\n

3. Making the Most of the Increased SALT Deduction Cap<\/p>\n

The state and local tax (SALT) deduction cap is temporarily rising from $10,000 to $40,000 in 2025. That creates some short-term relief for clients in high-tax states, but it comes with income limitations and it\u2019s not permanent. <\/p>\n

Still, Florida remains one of the few states that does not impose a state income tax. So, we\u2019re helping clients claim Florida residency the right way \u2014 legally, efficiently and with a clear view of the long-term financial impact<\/a>.<\/p>\n

4. Rethinking Estate Plans Under the New $30M Exemption Rule<\/p>\n

The One Big Beautiful Bill increased the federal estate and gift tax exemption to $30 million for married couples and will now adjust with inflation. This is a big one for the ultra-high-net-worth client. <\/p>\n

It doesn\u2019t mean it won\u2019t change again someday, but for the uber wealthy, it removes a lot of uncertainty about what could happen to their significant wealth \u2014 at least for a few years.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"\u00a9FRANCIS CHUNG\/POOL\/EPA \/ Shutterstock Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews…\n","protected":false},"author":2,"featured_media":53223,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,2398,17299,2066,147,530],"class_list":["post-53222","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-financial-planning","tag-gobankingrates","tag-money","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/53222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=53222"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/53222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/53223"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=53222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=53222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=53222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}