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Time to Change Your Estate Plan?, Elder Law Attorney, Woodstock, GA


It is always a good idea to change your estate plan when there are significant changes in your life. You should also change your estate plan when there are significant changes in the law. As there have been recent changes in tax laws, now is a good time for married couples to revisit their estate plans.

Professionally prepared estate plans are normally crafted for the tax laws that existed at the time the plans are created. This makes sense as no one can predict what changes will be made to the laws in the future. However, it also means that when there are changes to the tax laws changes also must be made to estate plans.

The Wills, Trusts & Estates Prof Blog recently wrote about the latest tax changes that should make married couples revisit their estate plans in Recent Changes That Create Need For Married Couples to Update Wills.”

The changes include:

  • Estate Tax Exemption – The estate tax exemption has been raised meaning that more of the estate is protected. This could make some estate plans obsolete.
  • Portability – It is now possible to take advantage of a spouse’s unused portion of the exemption, which makes some trusts obsolete.
  • Income Taxes – Rising tax rates might make some estate plan provisions undesirable.

If you and your spouse created an estate plan under the old tax laws, now is a very good time to consult an experienced estate planning attorney to ensure that your plan is revised accordingly.

Reference: Wills, Trusts & Estates Prof Blog (November 19, 2014) Recent Changes That Create Need For Married Couples to Update Wills

Hear From Our Clients
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“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce