Estate Planning Lawyers, Where Have They Gone?
A recent Forbes blog post titled "Where Have All the Estate Planning Lawyers Gone?" seemed to say that a lot of estate planning practices have gone away since the passage of the December 2010 tax bill which raised the estate tax exemption to $5 million per person. However, I have not found that to be the case. The amount of clients I have seen has actually increased since the passage of the bill.
One reason for that I believe is that some clients were in a wait and see approach to see what Congress would do. Another reason is that the new bill allows some clients to do some charitable planning which they've wanted to do for years. Finally, I have never made saving on estate taxes the biggest reason to do estate planning. For me, estate planning is about asset protection and disability planning more than saving on taxes. I want to make sure that a smooth transition takes place upon the disability or death of a loved one.
So where have all the estate planning lawyers gone? The answer is no where...we are here waiting to help you and your family plan for the future.
To learn more about estate planning, please contact our Jacksonville and Ponte Vedra Beach law firm of Wood, Atter & Wolf, P.A.
