For people who do not want to take the time to plan for their own estates, it might seem like 2018 has started out to be a good year. It has been so good that some people are talking about the death of estate planning itself because the federal estate and gift tax exemptions have been doubled. They also think that there is no need to have plans to avoid those taxes.
However, most people who planned for their estates before this year were not subject to the federal estate tax anyway, because there have always been other reasons to make an estate plan. Those other reasons still exist.
Recently, Kiplinger discussed some of those reasons in “Is Estate Planning Now Dead?” including:
Contact a qualified estate planning attorney to get your affairs in order without delay.
Reference: Kiplinger (May 1, 2018) “Is Estate Planning Now Dead?