We expect negative markets from the President and Congress’s inaction, but what
about taxes? It remains tough to plan with taxes in limbo.
What about Estate Taxes?
At the end of 2012, the Estate Tax rate will return to 55% and the exemption goes down
to $1 million. Therefore, you will be highly taxed on the assets you leave behind when
you pass on.
What is the best thing to do?
Make sure your Estate Plan is current with the ever changing laws as we never know
when your Estate Plan will come into action.
How do I make sure my Estate Plan is current with the law?
Regularly meet with a well qualified Estate Planning Attorney who limits their law
practice to Estate Planning and keeps themselves current with the law and keeps their
clients’ Estate Plans current with the law. Make sure they hear and understand your
concerns and goals.