I want more control over the disposition of my estate so that more of my assets will go to my loved ones, and fewer to the government.
Some of the wealthiest Americans, such as Warren Buffett, George Soros, and Bill Gates, Sr., believe the estate tax should be retained for very wealthy individuals, in order to help fund government social programs.
Unless Congress changes current law, the law repeals the estate tax in 2010 and then the law sunsets at the end of 2010. As a result, the law in effect prior to 2001 will return the estate tax with only $1 million exemption in 2011. Do you think Congress will vote to make the repeal of the estate tax permanent?
Many times children spend their inheritance in a careless manner or have their inheritance lost to creditors or divorcing spouses. Do you agree that in many circumstances a child's inheritance should be left in trust for them to provide proper management and asset protection?
With people living longer and the cost of long-term health care so high, I'm concerned that retirement will consume my assets, and that I won't have the assets that I've worked so hard to accumulate to leave to my loved ones.
I'm not particularly concerned with leaving assets to my loved ones; I'm more concerned about enjoying my golden years no matter what the cost.
(If you do not have an estate plan) I know I should see an attorney about an estate plan, but I tend to procrastinate when it comes to planning my estate.
(If you do have an estate plan) I've made investments, and bought and sold property since my estate plan was created. I'm concerned that my current estate plan may not take advantage of the money-saving estate planning strategies available.
I wish there was a respected source of information about estate planning, so I could find out more and locate a top-notch attorney.
