Estate Planning: Do You Need One? – Fidelity

Do you need an estate plan? This article will help you better understand estate plans, the benefits of estate planning, and determine whether estate plans make sense for your financial needs. Learn more about estate planning today.

 

An estate plan goes much further than a will. Not only does it deal with the distribution of assets and legacy wishes, but it may help you and your heirs pay substantially less in taxes, fees, and court costs. Most people with assets or a family should execute a will.

 

You may have been wondering if the Tax Cuts and Jobs Act of 2017 will have any impact on your long-term financial planning and the need for asset protection. New changes to the tax code may impact your strategies for deductions, education funding, and small-business income. When it comes to estate planning, there’s only one change: The estate tax exemption has doubled through 2026. If you’re like most Americans, you may not be hit with a federal estate tax, but this just might be the year for you to develop an estate plan.

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Source: Estate Planning: Do You Need One? – Fidelity

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McDevitt Law Group

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McDevitt Law Group strives to provide the highest quality real estate law and estate planning services, and we have for almost 40 years. As a small law firm, we pride ourselves on providing personal attention to your case and providing the highest quality representation. Call us today, or use the contact form below.


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