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July 25, 2014

Non-Tax Reasons For Creating an Estate Plan

For most individuals  - about 99.9% - estate taxes are no longer a concern thanks to the recent "fiscal cliff" legislation. However, that does not mean that estate planning is no longer necessary. The non-tax reasons for creating an estate plan, such as to nominate a guardian and conservator for minor children, to prevent the necessity of a guardianship or conservatorship for you in the event of an incapacity, to ensure that your assets are distributed according to your wishes after your death, and to avoid the need for a probate estate, are often more important than the tax reasons for creating an estate plan. It is time to get "back to the basics" with estate planning!

© 2014 Varnum LLP

About the Author

Christopher J. Caldwell, Estate Planning Attorney, Varnum law Firm
Partner

Chris works intimately with clients and their advisors to create estate plans that enable families to plan for today as well as for future generations. Chris regularly prepares sophisticated estate plans, emphasizing probate avoidance, estate tax planning, and business succession planning. In addition, Chris has an emphasis on helping families with cottage succession planning. Chris's practice also includes a significant focus on post-death planning and estate and trust administration.

616/336-6951

About the Author

Laura E. Radle, Varnum Law Firm, Real Estate Attorney
Associate

Laura is an associate in the estate planning group with an emphasis on cottage succession planning, and estate and trust administration. Laura is licensed to practice estate planning law in both Michigan and Florida.

616/336-6415

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