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Stock impact report

Givers' regret: What happens when wealthy parents try to claw back fortunes from their kids [CNBC]

Northern Trust Corporation (NTRS) 
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
Company Research Source: CNBC
Some wealthy parents are looking to claw back some of their children's fortunes, lawyers and advisors told Inside Wealth. Parents have some legal routes, but they are often complicated, expensive and risk the ire of the IRS or their children. A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. While many wealthy parents are breathing a sigh of relief over estate tax changes in last year's tax bill, some are questioning whether they gave too much to their children — and how to get some of it back. Before the passage of the One Big Beautiful Bill Act last summer, the estate tax exemption was set to be cut in half to about $7 million a person at the end of 2025. Many families accelerated gifts to their kids and friends before the deadline in order to take advantage of the higher exemption, which was set during the firs Show less Read more
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