The new estate-tax law has created a window of opportunity. Though the law expires in only two years, the time is right to learn the details-to take full advantage of the benefits while avoiding huge pitfalls.
You are invited to a workshop, The Estate Tax and You
Thursday, March 31, 2011—7-9 pm
The new Fruita Community Center, 324 N. Coulson St., Fruita, Colo
RSVP.... 970-858-9135.
Andrew Sigerson, a colleague of mine in Omaha, reports that since the new tax law took effect on January 1, he and his firm members have interviewed about 25 potential new estate planning clients. Here’s a quick summary of what appears to be on most peoples’ minds.
1. Most do not know what the law says or means
2. Those that do understand the new law are still very cynical that the new law will become permanent. In fact, virtually everyone thinks it will get worse after 2 years
3. Most people believe we will be messing with this every few years for at least the next decade
4. Financial advisors have continued to stay motivated to set appointments because uncertainty creates opportunities for them to become more “trusted.”
5. Anyone who understands asset protection planning is opting to include the AB trust planning (credit shelter or family trust) anyway
6. People are very open to creating or joining a maintenance program
7. Virtually every trust or estate administration will now require a 706 (estate tax return) which is a great opportunity for us to help families
If you live in our area, I hope you’ll take advantage of this workshop. It’s hard to believe the number of good and bad features to this law.
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