The political system is going through major changes and it is difficult to know exactly what is going on.
There are many revelations arising these days in the federal political arena as President Donald Trump deals with his agenda, fake news reports, Republicans and the Democrat party still reeling from a stunning defeat.
This most certainly has had a major impact on the financial strength of the U.S. as well as the necessity of continuing estate planning, but that can be done by remaining flexible, according to the Wills, Trusts & Estates Prof Blog in “Estate Planning Strategies for Uncertain Tax Reform.”
This all makes estate planning more difficult.
Without knowing what the tax laws might look like in the future, it is almost impossible to make appropriate plans for such taxes.
However, estate planning is still necessary in uncertain times.
By maintaining flexibility with your estate planning, you can more easily change plans when the political situation becomes less chaotic.
An estate planning attorney can guide you in creating an estate plan that fits your unique circumstances as well as remains flexible.