People often believe that Estate Planning is a “simple” process designed only for those whose estates will exceed the Applicable Exclusion Amount of $12.92 million in 2023. That myopic view causes many who should undertake Estate Planning to skip it altogether or to look for ways to complete the planning on their own without the services of a qualified Estate Planning attorney. As the last article in this two-part series demonstrated, numerous taxes impact Estate Planning. This second part of this series continues by exploring the various non-tax reasons to create a comprehensive Estate Plan. Read on to learn more.
Latest posts by Michael O'Brien (see all)
- The Joy in Joint Trusts - June 8, 2023
- The IRS’ Annual Warning: The 2023 Dirty Dozen - June 1, 2023
- How Tax and Non-Tax Considerations Impact Estate Planning – Part II - May 25, 2023
