A mortgage lawyer in Nebraska says the Republican presidential nominee’s tax overhaul could hurt his and his wife’s finances.
The attorney says Trump wants to change the estate tax to a flat tax, which could hurt the couple’s ability to get loans, according to the Omaha World-Herald.
John Wiese is an estate lawyer in Omaha.
He said that in Nebraska, the estate law is very strict and the estate plan is based on an understanding of the law.
He said it’s unclear whether Trump’s proposal would change that understanding.
He’s also not sure how the estate planning industry will respond.
“I think it’s possible, but I’m not sure I would be able to say for sure, because I’m working on the case right now,” Wiesed said.
He added that there is a lot of confusion about the tax laws, and that people who work in the industry are not sure what to make of the tax proposal.
Wiese says that, unlike some other states, Nebraska has no estate tax, so it doesn’t apply to the Trump family.
He says that it’s up to Trump’s estate tax lawyers to determine if the tax plan changes the estate rules.
The estate tax is the primary source of federal income tax for many Americans.
The Trump campaign did not immediately respond to a request for comment.