If the U.S. Estate Tax Is Repealed, Do I Need To Update My Will? | The National Law Review

 

The potential for estate tax repeal is a good reason to break out your estate planning documents for review. Many estate plans revolve around the funding of an exemption trust to hold the estate tax exemption amount and a marital trust to hold assets in excess of the exemption. Your plan may include a gift to a multi-generation trust for a spouse, children, grandchildren, and even great-grandchildren, that is funded based upon the amount of the generation-skipping tax exemption. 

If the estate tax is repealed, or if the generation-skipping tax is repealed, or if both are repealed, these changes may raise questions in your current estate plan.

If the U.S. Estate Tax Is Repealed, Do I Need To Update My Will? | The National Law Review

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