In this episode of the Tax News Now Podcast, Mark Gallegos and his guest, Damien Martin, Partner at Ernst & Young, mark the one-year anniversary of HR1 (the One Big Beautiful Bill Act) reflecting on what the landmark tax legislation has actually meant for high-net-worth clients in practice. They dig into estate planning under the federal exemption, the nuances of state-level estate taxes, and key changes to charitable giving deductions that took effect in 2026. The conversation wraps up with a discussion on AI's growing role in tax advisory work and how practitioners can embrace it as a tool while maintaining the human, consultative edge that clients genuinely need.