Estate planning is the process of setting goals, and then creating techniques to transfer property and wealth to family members, charities, and others at death. Proper estate planning includes balancing of lifetime gifting with transfers of property at death, with an eye towards maintaining your lifestyle and minimizing estate taxes.
Today’s Estate Planning Silver Lining
Regardless of the size of your estate, the financial environment of today has created a silver lining for estate planning. Real estate and stock values are lower than ever and have created a perfect climate for transferring property to heirs. In addition, low federal interest rates coupled with well recognized estate tax strategies still remain, despite a future concern that those opportunities might vanish with the new Obama Administration. Estate planning commentators have described today’s estate planning environment as the “perfect storm” to allow for significant transfers of wealth to heirs. Please call our office at 702.318.5033 to set an appointment to discuss your particular situation.