10 Estate Planning Questions to Ask Before Year-End

If you have not revisited your estate plan this year following the changes made to the estate and gift tax laws by the American Taxpayer Relief Act of 2012 passed by Congress on Jan. 1, 2013, ask yourself these 10 questions then schedule a meeting with Jill Gregory, your Personal Family Lawyer®:

1.  Should your estate plan be changed to reflect any new laws?  new assets? changes in your life?

2.  Are your assets being tracked so that if anything happens to you, your family knows exactly how to access everything you own right now?

3.  If you have a family LLC or limited partnership, has it been properly maintained to comply with tax laws?

4.  If you have made gifts to family or friends, have you exceeded your exemption limit for the year?

5.  Are you maximizing opportunities for income tax deductions in 2013?

6.  Are the people you have designated as executor, trustee or beneficiaries still the right ones?

7.  Are you employing the best strategies for year-end charitable gifting?

8.  If you donate cash to a charity from an IRA, are those being made properly?

9.  Is there an opportunity to use a trust to protect assets?

10.   What considerations should you be giving to managing capital gains and timing long-term losses?

If you would like to discuss this further, call our office at 530-581-5455 today to schedule a Family Wealth Planning Session with Jill Gregory, your local Tahoe City Personal Family Lawyer®.  

Want to get started right away? Click here for your Family Wealth Inventory and Assessment worksheet.

Get updates and tips delivered straight to your inbox!

This article is a service of Jill Gregory Law, a Personal Family Lawyer® firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Life and Legacy Planning Session™, during which you will get more financially organized than you’ve ever been before, and make all the best choices for the people you love. You can begin by calling our office today at 949-514-8842 or 530-581-5455, or click here to schedule a free Get Acquainted Call. Mention this article to find out how to get this $750 Life and Legacy Planning Session at no charge.