Prepare your estate plan for postmortem flexibility
Abstract: The more flexibility an estate plan has, the greater the chance the decedent’s wishes will be carried out. Even though federal gift and estate tax laws now have some certainty, Congress can still change tax laws in the future. And one’s family circumstances almost certainly will change over time. But this article looks at postmortem estate planning strategies families can put to use in case of changing situations, including disclaimers and qualified terminable interest property (QTIP) trusts.