Many of you may know that this year is a significant year of change to the exemption levels that apply for estate, gift and generation-skipping transfer taxes. This update is a summary only. Once you have read the following update, if you have any questions about how these matters relate to you, our estate planning attorneys will be happy to schedule an office conference with you to discuss what steps (if any) would be appropriate for you to take. In addition, this may be an excellent time for you to review your individual estate plan and make any changes that are necessary.
The Tax Cuts and Jobs Act of 2017:
Effect on Planning:
Keeping Up With The Times:
Families and circumstances change and so do laws. We recommend that you periodically review your estate planning documents to make sure that they continue to reflect your current planning goals. In addition, we are continually improving and updating the provisions and language of our documents to keep up with changing laws and current practices. Some of these changes could be important to you and your estate plan:
Article Written By: Jill D. Wiley