Many people mistakenly believe that estate planning is only for rich folk. Others mistakenly believe that it is all about saving death taxes. While these areas can be part of an estate plan, neither is what estate planning is about.
What estate planning is about is protecting yourself and loved ones. I coined this phrase years ago: estate planning is not about how much you have but about how much you care about those you care about and for.
This is what is new again in estate planning. With the federal estate tax exemption making most estates non-taxable, estate planners are returning to their roots and focusing on what really matters with the estate plan--your family. As you read through the other articles here, you will find this theme repeated over and over.
If you care about yourself and family, you will do a plan and make arrangements to protect yourself and family. Every person's plan is different and every plan contains certain components. And making what was the first focus of estate planning new again is very exciting to me. As an estate planning attorney, it is refreshing to see this return to the core values of estate planning.
What do you think? Please join our conversation and leave a comment here or send me an email. Thank you for your interest.
Bernie Greenberg
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.