estate taxes

Do I Need to Prepare for Estate Taxes?

Most wealthy people operate under the assumption that their time is better spent creating wealth, and so they do not focus on their overwhelming need to prepare for estate taxes.   While putting off estate planning may seem like a tempting task, being unprepared for estate taxes can cause a lot of problems for future generations and the continuing life of your businesses.

Additionally, people in the estate tax sphere have been speculating about possible changes in taxes and policies due to political forces.  While some affluent people may use this uncertainty as an excuse not to prepare, this article from Leadership for Advanced Life Underwriting (AALU) addresses this issue and why it is wise to have an estate tax plan in place.