Friday, February 27, 2009 Press Coverage of Estate Planning (Feb. 27, 2009)
New York Times writer Deborah L. Jacobs writes on issues to consider in finding and working with an estate planning lawyer, including whether a lawyer is necessary, how to locate an attorney, pricing and dual representation issues. Good Advice Makes All the Difference in Estate Planning (Feb. 26, 2009).
In a separate story, Jacobs advises reviewing estate plans to look for formula clauses that might put too much money in a credit shelter trust because of the higher federal estate tax exemption amount (see related NEET article Here). She also addresses Grantor Retained Annuity Trusts, Family Limited Partnerships and the importance of completing beneficiary designation forms. Study Estate Plans Before Laws Shift (Feb. 26, 2009).
Dow Jones Newswires writer Arden Dale also addresses the higher federal estate tax exemption amount, particularly as it affects estates during the economic slump. Dale cautions to keep estate plans flexible. Getting Personal: Wills Affected By New Tax Laws, Market Decline (Feb. 26, 2009).
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