Question
Is Estate Planning necessary if the Federal Estate Tax law is repealed?
Answer:
Estate planning has many purposes besides reducing or eliminating the federal estate tax. It is used to protect assets, preserve and distribute wealth. For example, you can provide for family members with disabilities or other challenges in financial management. You can control when your heirs receive any distribution. You can designate executors, trustees, guardians and those to inherit your assets.
In short, yes, estate planning will still be necessary if the Federal Estate Tax law is repealed.
Ask your question by commenting or submitting a question to http://www.ythlaw.com/
Is Estate Planning necessary if the Federal Estate Tax law is repealed?
Answer:
Estate planning has many purposes besides reducing or eliminating the federal estate tax. It is used to protect assets, preserve and distribute wealth. For example, you can provide for family members with disabilities or other challenges in financial management. You can control when your heirs receive any distribution. You can designate executors, trustees, guardians and those to inherit your assets.
In short, yes, estate planning will still be necessary if the Federal Estate Tax law is repealed.
Ask your question by commenting or submitting a question to http://www.ythlaw.com/
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