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.

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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 clicking the button above or calling our office today at 949-514-8842 or 530-581-5455, to schedule a free 15 Minute Phone Consult with Jill Gregory, or a full Planning Session today. Mention this article to find out how to get this $750 Life and Legacy Planning Session at no charge.

The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.