Tax Reform Makes Careful Estate Planning Important
Jonathan Plutchok, Ny Times, THE JOURNAL RECORD
financial mythology, this fallacy is firmly enshrined: ``I don't need estate planning.
That's just for the very wealthy.''
In fact, many people are wealthier than they think.
Owners of real estate may be sitting on hundreds of thousands of dollars in equity. Add jewelry, a vacation home or an inheritance ... and you may need sophisticated estate planning, too.
Careful estate planning has become more important since tax reform. Just last December, the Revenue Act of 1987 postponed a decline in the top estate tax bracket and eliminated the benefit of estate tax deductions and credits for the super-rich.
The same law melted the most …
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Publication information: Article title: Tax Reform Makes Careful Estate Planning Important. Contributors: Jonathan Plutchok, Ny Times - Author. Newspaper title: THE JOURNAL RECORD. Publication date: November 24, 1988. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.