Knowing the value of one’s ownership in a company is important for a variety of reasons, including looking to the future and making the right decision for your estate. Proper estate planning can result in tremendous cost savings to your estate and loved ones down the road.

And that was after the Trump tax cuts, which increased middle-class household income by $4,000 in just three years (compared to only $1,000 per household gain under Obama in eight years); and reduced unemployment to a 49-year low (compared to the highest jobless rate for any administration since the end of World War II under Obama).

President-elect Joe Biden released his tax plan before the election, promising to repeal some of the major tax changes from 2017. Due to the country’s current state, Congress’s first focus will be on more pandemic-related economic relief. It is likely that the Biden administration will not consider tax policy changes until later in the year.