Examining the Effects of the Build Back Better Act on Estates and Trusts On September 13, 2021, the House Ways and Means Committee released the legislative text of proposed tax changes to be incorporated into the omnibus reconciliation bill known as the “Build Back Better Act.”  One wonders if the geniuses behind the BBBA intended the acronym to be pronounced as “Bubba,” but one thing is sure—having now read BBBA as “Bubba” you will never not pronounce it that way in your head going forward. So what are the effects of the Build Back Better Act on estates & trusts? While most of the focus has been the corporate[1] and individual tax changes,[2] the proposed changes to grantor trusts and other long-standing estate planning techniques will be the focus of this article. In Part One of this article, we’ll look to the technical provisions in the House Ways and Means…