Estate Planning Red Flag – You haven’t reviewed your estate plan recently
Abstract: The Economic Growth and Tax Relief Reconciliation Act of 2001 created a one-year estate tax repeal for 2010. It’s not likely to remain in effect, though. Although Congress had not yet passed legislation by the end of 2009 repealing the repeal, it might still pass such legislation and make it retroactive to Jan. 1, 2010. Besides this, there are a number of other reasons to update one’s plan.