Review Your Will...No Matter the Size!!

The NY Times recently published an article, Smaller Though It May Be, It’s Time to Look at the Estate, explaining that all wills should be reviewed on a regular basis regardless of the size of the estate and changes to the federal estate tax.

The article published by the NY Times on March 20, 2009 goes on to say "Despite the political sparks that the tax set off during the Bush administration, it actually affects a mere 2 percent of estates, according to the Internal Revenue Service. It now affects estates over $3.5 million, or $7 million for married couples, with a top tax rate of 45 percent. (Without Congressional action, the tax was to disappear in 2010, then revert in 2011 to the lower exemption levels and higher taxes that prevailed a decade earlier.)

But estate planning is not primarily about avoiding a tax that few have been subject to since it was instituted in 1916. The primary goal has always been how to bequeath what you have to the heirs you picked. And if handled wrongly, wills can become a vehicle that destroys families."

For the complete article, CLICK HERE.

No matter the size of your estate, the Law Offices of Artin Yadegarian can help draft the necessary estate planning instruments to make sure you take advantage of all tax benefits as well as making sure you bequeath what you have to the heirs you pick. Call us at 818-649-8501 for a FREE CONSULTATION.