Estate Planning News for March 26, 2010
Due to congressional inaction, the world of estate planning, as well as your estate remains in total upheaval for 2010. Here is a list of issues to focus on:
1. Our Client Alert concerning the 2010 estate tax changes remains in effect. If you haven't reviewed your existing plan to understand how it is affected by the 2010 estate tax rules, it is time to do so now.
2. The 2011 estate tax changes (in current law) are even worse. Even if your estate plan works for 2010, is it flexible enough to deal with the coming estate tax disaster that is 2011? If you don't know, it's time to find out.
3. Many people have still not revised their Powers of Attorney to incorporate HIPAA provisions. This is vital for you and your family. If you haven't revised your Powers of Attorney, it's time to take care of this issue.
4. Congress has passed the health care bill and the president has signed this sweeping and in many cases life changing legislation. Stay tuned for more reports on how this affects your estate planning. One area you will notice right away is the federal government's take over of your diet. More on this alarming change soon.
Call or email me at any time with questions or to discuss these issues. Thank you.
Bernie Greenberg
BECAUSE DEATH AND TAXES: Learn about what you need to do to be prepared for what's coming. Wills, trusts, taxes, probate. If you haven't experienced it you will. Estate planning is one of the most important things you can do to protect yourself and your family. Please join Bernie Greenberg's world of estate planning. www.kgattys.com
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