If you take advantage of some of these planning steps, don't assume you'll never have to do it again. Estate planners say you should periodically review your plan and consider changes in your financial situation, your business holdings and events such as birth, death, marriage or divorce.
Devising individual estate plans to trim federal taxes is no simple matter. Make sure you sit down with your lawyer and tax advisor to get the job done. It provides more than peace of mind; the relatives you leave behind will surely appreciate the effort.
- BrooksBrittner & Associates LLP, 5956 Sherry Ln.,
#615, Dallas, TX 75225, (214) 363-7188
- Johnson Peddrick & Stanaland, (336) 574-9720, fax:
- PricewaterhouseCoopers, (212) 259-2363