The Give and Take of Estate Planning | Estate Planning TV 039

The Give and Take of Estate Planning

Estate planning is like most anything else…

For every give, there is a take.

Today I wanted to focus on that and remind you that no matter what you do there will be benefits and consequences.

This discussion came from a potential client meeting I had the other day where we were discussing estate taxes and how to avoid estate taxes.

Here are a couple of quotes from that meeting.

“You can avoid estate taxes entirely, but you’re going to have to give up control and access to a large amount of your assets.”

“You can gift away everything win you’re alive, but you’re going to miss out on that step up in basis that comes with transferring your assets at death.”

The fact is, you can, in many ways, have your cake and eat it too when it comes to estate planning.

BUT, and this is a big but, benefits are always offset with costs in some way, shape or form.

That’s why you hire great estate planning attorneys like us to help you sort it all out. For some people a cost isn’t a cost at all because they don’t care about it, OR, the benefit is so big that they don’t mind the small cost.

Time to go make some choices…


Christopher Small

If you have any more questions or think you might want some help, click the link below to schedule a phone or in person strategy session. Looking forward to it!