Louis authors article about new complexities in trust and estate planning
Robert H. Louis, a Partner and Co-Chair of the Personal Wealth, Estates and Trusts Practice, wrote this story exploring the challenges of trust, estate and gift planning during this time of uncertainty over how and when the federal government will enact changes to the tax laws. He highlights some of the choices facing Congress and the President, including changes to the federal estate and gift tax exemptions and rates, and he points out the possibility of a delay in action or a phasing in of various changes.
Louis suggests lawyers consider a flexible approach to writing wills and trusts so their clients can take advantage of whatever favorable conditions are in the law at a given time. Keeping in mind the broad nature of planning is also key, he writes.