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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

March/April 2026

OBBBA Shines on These Estate Strategies

Adult asia people single mom small SME owner support happy sit busy apply child tax credit refund plan form app or pay loan bill on laptop. Little kid girl play at home hybrid job career workforce.

The One Big Beautiful Bill Act (OBBBA) has opened new avenues for effectively managing your wealth for future generations.


Use Non-grantor Trusts
The OBBBA increase in the estate and gift tax exemption to $15 million gives you a greater opportunity to pass on your wealth without incurring substantial estate taxes. One way to do so is through non-grantor trusts, such as irrevocable trusts, charitable remainder trusts, special needs trusts, and spendthrift trusts. Unlike grantor trusts, which are taxed at the grantor's tax rate, non-grantor trusts can help you avoid higher tax liabilities on your investment income. So, you can potentially shield more of your estate from taxes while providing for your beneficiaries.


Take Advantage of Your SALT Deduction
Consider gifting an equal percentage of your home to multiple non-grantor trusts, which would benefit your children, for example. Each trust may be able to claim the full SALT deduction if the trust's income doesn't exceed the $500,000 point at which the deduction begins phasing back to $10,000. To be effective, the trust must generate sufficient income to claim the deduction. Also, placing assets in a non-grantor trust removes them from your estate. At your death, they won't benefit from the step-up in cost basis that would otherwise have applied.


Deduct Qualified Business Income
The Permanent 199A deduction is a boon to business owners, allowing them to deduct up to 20% of qualified business income. This dramatic reduction in taxable income can free up substantial funds to reinvest or allocate toward your estate planning efforts.


Exclude Capital Gains on Small Business Stock (QSBS)
You no longer have to wait five years to benefit from the capital gains exclusion on the sale of QSBS. For QSBS acquired after the bill's enactment, OBBBA Section 1202 provides a tiered capital gain exclusion based on how long you've held the stock. By leveraging this exemption, you can enhance your estate's value while strategically planning for the future.


Incorporating these strategies into your estate planning may not only help preserve your wealth but also ensure a smoother transition of assets to your heirs. Don't leave your legacy to chance. Take the time to strategize today by consulting with financial and legal professionals who understand the ins and outs of the OBBBA, which can help you to devise an estate strategy tailored to your circumstances.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
Insurance and annuity products are not sold through Fusion Capital Management. Fusion does not endorse any annuity or insurance product, nor does it guarantee any insurance or annuity performance. Annuity and life insurance guarantees are subject to the claims-paying ability of the issuing insurance company. If you withdraw money from or surrender your contract within a certain time after investing, the insurance company may assess a surrender charge. Withdrawals may be subject to tax penalties and income taxes. Persons selling annuities and other insurance products receive compensation for these transactions. These commissions are separate and distinct from Fusion's investment advisory fees.
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