Dear Clients and Friends,
As we turn to the next chapter on the status of the economy, taxes, and the pandemic, we have to admit that NO ONE seems to have a crystal ball vision as to what is going to happen at least not in the short term. Recently, we produced and delivered to you our Special Report updating you on President Biden’s proposal (Click here if you missed it).
What we do know is that Summer is here... and, we wish you a “cool” and wonderful Summer full of friends and family. With July 4th in our rearview mirror, we thank our troops both present and past for all they do to protect our nation and keep us safe (including, the unique freedom we possess in the United States). We also reiterate our condolences for those who have experienced deep loss and thanks to the front-line workers and their families that have made huge sacrifices over the last 18 months.
In this Edition of Generations
This newsletter will focus on the 5th and 6th articles of our six-part series on what it takes to build a successful and comprehensive estate plan. These two articles will focus on important customized trust provisions (Part 5) and how to customize your philanthropic/charitable giving to your existing estate plan (Part 6).
Finally, we have provided you with an article on auditing your life insurance policies. Is it time to keep or sell your existing policies? Is it time to buy more insurance in light of the proposed higher taxes and reduced estate tax exemption? We address these questions and more.
So, sit back and enjoy this Summer edition of our Generations newsletter.
Edward E. Wollman, J.D., LL.M.
Board Certified Wills, Trusts & Estates Attorney
Chartered Advisor in Philanthropy