Here's how wealthy families will save on estate taxes in the Biden presidency

Here's how wealthy families will save on estate taxes in the Biden presidency  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE WED, JAN 20, 2021 YOUR WEALTH Editor's Note President-elect Joe Biden has repeatedly suggested that wealthy Americans are not paying their "fair share" of taxes. That means the estate tax could be a prime target for Democrats. However, wealthy Americans worried about the prospect of higher estate and gift taxes might have more time to come up with a new strategy. CNBC spoke with some experts who said that, even with a Democratic president, House and Senate, the estate tax may not be at the top of their agenda. Lawmakers will likely be focused on pandemic relief this year, which can buy wealthy families more time for estate planning and asset transfers, they say. The new administration may also choose to avoid the politically charged estate tax debate this year, given the relatively small revenue it generates, one expert explained. That means the window to use exemptions to avoid estate taxes may remain open for another year. For more key stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. Jim Pavia @JIMPAVIA Here's how wealthy families will save on estate taxes in the Biden presidency Democrats' victories in the House, Senate and the White House may lead to higher taxes on estates and gifts. How wealthy families will prepare. Take these steps to shake off anxiety and take control of your financial life These six steps can help you avoid making bad money decisions. Free college could become a reality under a Biden administration President-elect Biden promised to make community college tuition-free. Such a plan could increase the number of students and their incomes over time. IRS delays start of tax filing season to Feb. 12 The IRS will begin receiving 2020 income tax returns on Feb. 12. This may be a challenging time to stick to those retirement savings goals For many Americans, a resolution for 2021 is to save more money, a familiar goal from prior years. This year, achieving that may be more difficult. Biden defends why stimulus checks should go to employed Americans President-elect Joe Biden made a case for sending stimulus payments to those that have kept their jobs through the pandemic. Bitcoin is now the most-crowded trade, surpassing tech, which spent more than a year in the top spot A total 36% of Wall Street professionals responding to the monthly market gauge now see bitcoin as drawing a little too much attention. How one mother is building generational wealth for her young son Jernessa Jones, 39, is on a mission to build generational wealth for her young son through home ownership and investing in the stock market. The three most important posts I've ever written "I've published something like 15,000 blog posts and articles over the last 12 years. These three did more for my readers (and myself) from an investing standpoint than all of the rest ..." CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS