Why You Should Review Your Estate Plan Now

April 15, 2019

Bottom Line, Inc.

By: Gideon Rothschild

Bottom Line, Inc.

Even though most advisers recommend that estate plans should be reviewed every few years, my experience is that most clients do not follow this advice. Some may believe that as long as there has been no change in their personal circumstances (such as divorce, death, marriage, etc.), there may be no need to. That may be so, especially if they do not have a taxable estate. However, given the frequent changes in tax laws, both federal and state, now may be the right time to conduct such a review. Furthermore, since some of the Democratic presidential candidates have proposed increasing the tax on wealthy individuals and their estates, the opportunity to save on, or even avoid, estate tax may fade.

To read more, click here.