With the current uncertainty in the economy, many people are finding it difficult to focus on estate planning. The silver lining to the current economic slump, however, may be that temporarily reduced asset values, coupled with low interest rates, are helping to make a number of smart estate planning opportunities possible. In addition, when you consider some of the tax law changes being considered by Congress, there may be a limited opportunity to maximize the use of certain estate planning techniques for the benefit of your family. This alert discusses proposed estate and gift tax changes and the planning techniques that are particularly beneficial in today’s environment of low interest rates and depressed asset values.
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