While the estate tax didn’t end with new laws, some changes may be worth a new look.

The new tax laws may be a benefit to wealthy people but the changes should be studied closely, according to Forbes in “What the Wealthy Should Consider Because Of The Higher Estate Tax Exemption Levels.”

The first thing to consider is that you might not want to do anything.

Many experts believe the exemption levels will revert to their previous level in the future. Younger and healthier people might not want to change their plans now, if they anticipate that they will just need to be changed again in the near future.

That could be a waste of time and money.

Other people will want to see their estate planning attorneys. If you have included expensive and complicated ways to account for the estate tax in your estate plan, they may no longer be necessary and your estate plan can be simplified.

People who pay expensive life insurance premiums to help their estates pay for the estate tax, might consider whether they still want to pay those premiums.

An estate planning attorney can advise you in reviewing your estate plan in relationship to the new tax laws.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to claim your space at one of our free, informative seminars. Your attendance will qualify you for a discount for our estate planning services. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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