An article by Bob Finnegan, J.D., CLU®, HCB Senior Vice President, Advanced Sales Attorney, re-published in Steve Leimberg’s Estate Planning Newsletter on March 14, 2017.
With all of the uncertainty surrounding the future of the transfer tax system, many clients will consider delaying planning because it seems like a prudent course. It is important however that they understand the substantial cost of delay in terms of wealth transferred to the family. This article utilizes a financial model to evaluate and understand these costs. It looks at a few possible and, arguably, likely repeal scenarios based on a set of reasonable assumptions as to the future. This article is a follow-up to LISI Estate Planning Newsletter #2492 (December 20, 2016).