Perhaps the best way to figure out what will occur in estate planning under the new tax laws is to check with the attorneys, according to Wealth Management in "Will High Estate Tax Exemptions Mean Less Planning?"
Most estate planning attorneys do not expect to see very many changes in planning. Those who do, tend to think any changes will be small.
One reason is the number of people who will no longer have to pay the estate tax. Why? Because the number of Americans with estates exceeding the higher exemption is relatively small when compared to the general population.
A bigger reason is that many experts do not expect the changes to last very long and that politicians will reverse the changes.
We stay current on all the changes to estate planning so you don't have to. Contact Janet and we can help you choose your best course of action now and still be there for you in the future.
Reference: Wealth Management (Jan. 29, 2018) "Will High Estate Tax Exemptions Mean Less Planning?"
Suggested Key Words: Estate Planning, Estate Tax