- 02
- September
2010
When the economy is bad and the investment picture is unclear, as it is now, the best investment move may very well be to do nothing. But any Florida estate planning attorney can tell you that that same advice does not apply to estate planning.
Some estate planners might try to take "a wait-and-see" approach until Congress acts on a host of pending tax issues. A decade's worth of cuts in income, capital gains and estate taxes are slated to end in 2011, reverting to pre-2001 levels.
But waiting is not necessarily a good idea. estate planners can't afford to wait until all the dust settles. In any case, there is never a time when all of the dust is settled. There are always changes in estate and tax law and policy. A planner needs to look at what can be done with what we know now, not just wait to find out what might change in the future.
Continued...
