So, I have not posted in a (really long) while. I will try to do better this time. Unfortunately, work and life get in the way.
We have just completed a relatively calm year-end, at least comparable to last year, and it is a good time to reflect on what is going on in the world of estate planning. For the most part, things seem to be more or less business as usual. Yes, with higher exemptions from the federal estate tax ($5,340,000 per person) and the impending expiration of the Tennessee inheritance tax, only the wealthiest clients need sophisticated tax planning. But with the stock market roaring, it seems there are a lot more of those really wealthy people out there these days. And for the rest us that are well under the federal exemption amounts (myself included), we still need help disposing of our estates. Although the focus of estate planning attorneys may change somewhat over the next few years, I think this area will continue to be rewarding for attorneys willing to concentrate their practice in it.
I know I have said this before, but I will try to do better in the coming days, weeks and months about updating this blog more often.
