Tax rules shape real-life decisions, from how families give, to how business owners structure cash flow and the way parents save for a child's future.

In this episode of Trust Company Talks, hosts Bill Noble and Burke Koonce sit down talk with Senior Wealth Advisor and Principal Jonathan Henry, CFP®, CPA to walk through the One Big Beautiful Bill Act and what it may mean for clients and their families.

Jonathan explains where the law extends 2017 provisions and where it changes the playing field, including:

• Where 2017 tax provisions were extended and why the added clarity matters
• The updated SALT deduction cap and its phase-out range
• Estate exemption changes and essential estate-planning housekeeping
• Charitable giving strategies, including bunching and the new small deduction for standard deduction filers
• Child tax credit and AMT updates
• The new "Trump accounts" for minors, including contribution rules, timing and the power of compounding

Jonathan's full commentary on the Act is available here: The One Big Beautiful Bill Act.

Trust Company Talks is a production of Trust Company of the South, one of the premier wealth management firms in the Southeast. Trust Company is a privately held firm based in Greensboro, NC, with offices in Charlotte and Raleigh. You can find more episodes of Trust Company Talks on Apple Podcasts and Spotify. Receive the episodes as soon as they premiere by subscribing today.