Estate Tax Repeal Has Unlikely Foe: Wealth Advisers of the Rich
May 5, 2025 – Media MentionLaura Zwicker, Chair of the Private Client Services Group, shared her insight with Bloomberg News regarding how the recent push to abolish U.S. estate taxes has been met with unexpected resistance from financial advisors.
Excerpts:
“The plans we put together for really wealthy families are intended to last for generations,” said Laura Zwicker, chair of the private client services group at the law firm Greenberg Glusker in Los Angeles. After years building up wealth in vehicles like dynasty trusts, Zwicker doubted clients would unwind them “on the off-chance that this change is going to be permanent.”
“As an advocate for my clients, it’s pretty scary,” Zwicker said, adding that some transfers to trusts are already on hold given the uncertainty. “We’re kind of waiting to see what might happen.”
