Thinking about updating your estate plan? Here
are some key numbers that were finalized from the American Taxpayer
Relief Act passed into law January 2, 2013:
Estate and Gift Tax Lifetime Exemption set a 5 million indexed for inflation: 2013 Gift and Estate Exemption is $5,250,000.
The annual gift tax exclusion indexed for inflation is $14,000 for 2013.
Estate plans can last forever, but they are not always quite timeless. If you have changes in your family -- let's review and update your estate plan.
*Did you have a marriage, divorce or birth in your immediate family?
*Do you have a current Advance Healthcare Directive that has standard waivers and releases to ensure that your loved ones can access your medical information?
*Is your power of attorney comprehensive enough to cover all the what ifs?
The best time to update your estate plan is when you are too busy to think about it. It means you are alive and well. We need our estate planning clients to be alive and well at the time of execution.
Contact your local estate planning attorney today and schedule a review.
