TAX2605. Client Conversations: Translating Tax Law into Action

The passage of the One Big Beautiful Bill Act (OBBBA) has reshaped the tax planning landscape, creating both new opportunities and new challenges for advisors and their clients. In this session, Dr. Riskin will focus on using visuals to better translate a variety of complex planning concepts and enhance client conversations for different client groups, such as young families, young professionals, business owners, and high-income/high-net-worth individuals who are focused on "planning with purpose" by using philanthropic and multi-generational tax planning strategies to reach their immediate and long-term goals.

Learning Objectives:

• Identify key provisions of the OBBBA that significantly alter individual, business, and multi-generational tax planning strategies.
• Understand how visuals can be used to simplify and communicate complex planning concepts for diverse clients - ranging from young families and professionals to business owners and high-net-worth individuals.
• Evaluate tax-efficient approaches to "planning with purpose" - including philanthropic giving, legacy design, and multi-generational wealth transfer strategies under the new rules.
• Integrate the OBBBA's planning implications into a holistic advisory process that enhances client understanding, engagement, and decision making.