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ARTICLE · 29 SEPTEMBER 2005

Is Your Estate Plan in Order?

Duane Morris LLP
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For many of our clients, this is a particularly appropriate time to review one's estate plan. In most circumstances, the passage of several years alone is a sufficient basis for commencing such a review based upon changes in family and financial circumstances.

United StatesTax
Frank Cooper
Frank Cooper
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For many of our clients, this is a particularly appropriate time to review one's estate plan. In most circumstances, the passage of several years alone is a sufficient basis for commencing such a review based upon changes in family and financial circumstances. However, there have been several significant and recent changes to both the federal and state estate tax laws, as well as to certain state laws pertaining to estate planning generally.

Even for those individuals who believe they have no personal reasons to review their estate plans at this time, these recent legislative changes serve as a separate and independent basis for doing so. While it is anticipated that there will be future changes to at least the federal estate tax, there are a number of techniques that can be implemented now which can: (1) permit an individual to achieve his or her current objectives; (2) correct any deficiencies in the documents as a result of the changes in the law to date (some of which are

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