With the new tax law, and the Federal Estate Tax exemption at more than $11 Million per person, the question arises: Is Estate Planning Now Dead?
The answer is without question: No, estate planning is certainly not dead! Planning is as important as ever. The change in tax law merely provides an opportunity to focus on other priorities, including providing for care and protection of minor children, determining the right decision makers, and achieving charitable and family goals. The list of planning considerations is as diverse and as unique as each individual, and the for those who no longer planning around the Federal Estate Tax, this is a great opportunity to make sure other planning objectives are achieved.