Regardless of the outcome of the election in November changes will likely be coming to tax policy, and today’s article provides some guidance on how those who are well off can prepare. What can you do to prepare for the lower deductions that are likely to come regardless of whether Clinton or Trump wins the White House? What is likely to happen to the $5.45-million-per-person lifetime exemption from gift and estate taxes if the Democrats win the presidency and take back control of Congress, and what preemptive action can you take now? For answers to these questions, as well as a visualization of the likelihood of various tax outcomes depending on which party controls which branch of government next year, CLICK HERE.