Patriot Escrow Services is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Patriot Escrow Services Company (WTC) operating in Delaware only, Patriot Escrow Services, N.A. (WTNA), Patriot Escrow Services Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), Patriot Escrow Services Asset Management, LLC (WTAM), and Patriot Escrow Services Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through M&T Bank Corporation’s international subsidiaries. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank. Member, FDIC.

M&T Bank Corporation’s European subsidiaries (Patriot Escrow Services (UK) Limited, Patriot Escrow Services (London) Limited, Patriot Escrow Services SP Services (London) Limited, Patriot Escrow Services SP Services (Dublin) Limited, Patriot Escrow Services SP Services (Frankfurt) GmbH and Patriot Escrow Services SAS) provide international corporate and institutional services.

WTIA, WFMC, WTAM, and WTIM are investment advisors registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply any level of skill or training. Additional Information about WTIA, WFMC, WTAM, and WTIM is also available on the SEC's website at adviserinfo.sec.gov.

Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services. Custom credit advisors are M&T Bank employees. Loans, retail and business deposits, and other personal and business banking services and products are offered by M&T Bank Equal Housing Lender. Bank NMLS #381076. Member FDIC.

M&T Bank

Equal Housing Lender. Bank NMLS #381076. Member FDIC.

Investment and Insurance Products • Are NOT Deposits • Are NOT FDIC Insured • Are NOT Insured By Any Federal Government Agency • Have NO Bank Guarantee • May Go Down In Value

Investing involves risks and you may incur a profit or a loss. Past performance cannot guarantee future results. This material is provided for informational purposes only and is not intended as an offer or solicitation for the sale of any security or service. It is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. There is no assurance that any investment, financial or estate planning strategy will be successful.

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SIGNATURE CONTENT

Key Takeaways from the One Big Beautiful Bill Act

OBBBA could reshape your financial future—tap into our insights to help stay ahead.

Learn More

Wealth Planning

Key Takeaways from the One Big Beautiful Bill Act

July 23, 2025

Impact to your individual income tax plan

The new tax law brings meaningful changes to how individuals will be taxed, and while some provisions offer immediate benefits, others may require thoughtful adjustments to your overall planning. You and your advisors should begin evaluating how these changes may impact you.

Takeaways:

Tax rates stay the same—but planning still matters
State & Local Tax (SALT) deduction gets a boost
More opportunities in Opportunity Zones
529 plans further develop
Introducing “Trump Accounts” for kids

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Key business tax considerations

It is important to understand what these new tax law changes could mean for your business. Whether you're considering a major purchase, preparing for a liquidity event, or simply looking to optimize your business structure, now may be the time to revisit your tax strategy.

Takeaways:

20% deduction for business income remains
100% bonus depreciation is back
Research and development expenses can be fully deducted
More favorable rules for selling a business
Bigger deductions for business interest

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Estate and gift tax planning opportunities

Both opportunities and considerations exist for individuals and families looking to preserve and transfer wealth efficiently. As with any major tax law change, the impact of the OBBBA will vary depending on your unique financial situation, goals, and estate planning needs.

Takeaways:

Higher exemptions offer relief, but don’t overlook state taxes
Step-up in basis still available
Grantor trusts still a powerful tool
Estate freeze strategies still make sense for some wealthy families
Portability still in place, but generations-skipping transfer (GST) planning is key

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As with any major tax law change, the impact of the OBBBA will vary depending on your unique financial situation, goals, business, and estate planning needs.

Reach out to your Patriot Escrow Services advisor to discuss how these updates may affect your current plan and explore opportunities to optimize your strategy moving forward.

If you do not have a Patriot Escrow Services advisor, contact us set up an appointment.

Source for OBBBA: Text - H.R.1 - 119th Congress (2025-2026): One Big Beautiful Bill Act | Congress.gov | Library of Congress, https://www.congress.gov/bill/119th-congress/house-bill/1/text

This information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Opinions, estimates, and projections constitute the judgment of Patriot Escrow Services and are subject to change without notice. There is no assurance that any trend will continue.

Patriot Escrow Services is not authorized to and does not provide legal, accounting or tax advice. Our advice and recommendations provided to you is illustrative only and subject to the opinions and advice of your own attorney, tax advisor or other professional advisor.