Saturday, March 12, 2011 Maintain Plan Flexibility
As a Kansas City estate planning attorney, you’ll often hear me say that estate planning is not something you do and put in your safe deposit box, only to then check it off your list. Rather, estate planning (or Family Wealth & Legacy Planning for you bridgebuilders) is an evolving process and should be properly maintained by reviewing your plan periodically. Your plan should also maintain flexibility for law changes and change in family circumstances. That is no truer than it is right now. The current estate tax law that exists today is set to revert back to 2001 law. Check out this New York Times article on plan flexibility here.
Garrett |