One Big Beautiful Bill: What Professionals Need to Know | Season 1 Bonus Episode 1

In this Special Bonus Episode of Death and Dirt, we sit down with Christine M. (“Chrissy”) Green, a seasoned tax attorney and Member at Steptoe & Johnson PLLC, to break down the sweeping changes introduced by the One Big Beautiful Bill Act (OBBBA or OB3). Chrissy provides clear insights into how these new provisions impact estate planning and real estate professionals, from the historic increase in the federal estate tax exemption to the shifting focus toward income tax planning.

We dive into key topics including the SALT cap and trust planning for high-income taxpayers, the new rules for charitable deductions, the creation of MAGA accounts, and the impact on depreciation, cost segregation studies, and recapture issues for real estate investors. We also touch on the qualified business income deduction under §199A and the planning opportunities and pitfalls that arise from OB3. Whether you’re an estate planner, real estate professional, or advisor navigating the post‑OBBBA landscape, this episode offers practical insights and timely strategies to help you stay ahead.

~~~

Jennifer Galloway - Jenn attended Elizabethtown College, double majored in Criminal Justice and Political Science, always planning to attend law school. She graduated Summa Cum Laude from Duquesne University School of Law, in Pittsburgh, and moved back to York County, where she currently resides and works. After just over a decade in private practice in estate planning, estate and trust administration and Orphans’ Court litigation, Jenn recently joined Counsel Trust Company as their Chief Fiduciary Officer. In this new role, she oversees the trust operations and administrations department back office and team of financial advisors, and was happy to trade the billable hour for a bit more structure.

Jay Hagerman - Jay earned a degree in American history at Gettysburg College. During that time, he worked in the White House Office of Correspondence in Washington, D.C. He attended Duquesne University School of Law, focusing his time learning about laws relating to wealth creation and preservation. He founded the elder law firm Abernethy & Hagerman, where he currently works. Jay resides in Hampton Township with his wife and family, which allows him to serve clients throughout Western Pennsylvania.

Fred Long - Fred Long is a partner at Long Brightbill, a law firm based in Lebanon, Pennsylvania. His practice is focused on estate planning, trust and estate administration, probate, and real estate transactions. Fred holds an Estate Planning Certificate from Temple University Beasley School of Law and earned a Juris Doctor from Widener University School of Law, graduating with honors. Additionally, he has a Bachelor of Science in Communications with a Minor in Economics from Susquehanna University. In addition to his professional work, Fred is actively involved in community organizations and enjoys spending time with his family and friends, engaging in outdoor activities such as mountain biking, hiking, camping, skiing, and exploring the Pennsylvania wilderness.

*audio editing & music by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nick DeMatteo⁠