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Update Estate Plans in Light of New Tax Law

May 9, 2018

From the Kiplinger Magazine website

The new tax law has led some seniors to assume that they can delete estate planning from their to-do lists. But that is a dangerous assumption.

Yes, the new tax law roughly doubles the federal estate-tax exemption, to about $11.2 million per person—meaning the vast majority of people will not be subject to federal estate tax. But before you take your estate planner off speed dial, consider this: The sharp increase in the federal exemption amount means that old wills and trusts may be in urgent need of an update.

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