Is Your Will Up To Date With the Estate Tax Exemption?

Yesterday's Wall Street Journal Online contains an article in the Personal Finance section that should be studied by all married couples who have wills or living trusts written more than a couple of years ago.  The article very accurately discusses potential undesirable results of estate tax planning that is contained in many wills and living trusts that were written more than a couple of years ago.  The estate tax exemption amount currently is $3.5 million.  If your estate is between $1 million and $4 or $5 million, and your will or living trust was written more than  two years ago, you should definitely take the time to read the article.  After reading it, you may decide you need to see your wills and trust lawyer to determine whether your wills or trusts need to be revised.  The following link will take you to the article that discusses the estate tax planninglanguage often used in wills a few years ago:

Is There a Trap Lurking in the Language of Your Will?

Posted by Randy Coleman at 10/16/2009 4:53 PM
Categories: Wills and Probate, Estate Taxes, Estate Planning
Tags: Jacksonville estate planning attorney living trusts wills and trusts wills in Florida wills attorney estate planning estate planning lawyer estate tax wills lawyer estate planning attorney
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