What other factors besides the passage of the new tax law should be considered when amending an estate plan?
Answer 5: The death of people you have designated as Trustees and/or beneficiaries, and who you wish to replace them with. Changes, upward and downward, in your wealth, and how this affects who you leave your assets to. Changes in your children’s lives: have they become more responsible or less responsible, and are they more able or less able to inherit outright when you have passed away. Changes in your health and in the health of your trustees and/or changes in your beneficiaries bring up the issue of how things will be handled during a period of incapacity and by whom.
Related Questions
- What does passage of the Act amending the Professional Code and the Chartered Accountants Act in respect of public accountancy mean for CMAs?
- What other factors besides the passage of the new tax law should be considered when amending an estate plan?
- Is there scientific proof that transfer factors are effective?
