Wait Before Doing Any Estate Planning

by | Dec 14, 2010 | Estate Planning

In an interview with Linda Koco, writer for insurancenewsnet.com, I advised that people who are contemplating some estate planning should wait a few weeks. 

She quotes me as saying, “Our firm has not done any estate planning in the last two months,” comments Rick Kahler, a certified financial planner and president of Kahler Financial Group, a wealth management practice in Rapid City, S.D. “The attorneys for our clients won’t even meet with us. It’s become ridiculous for us to talk until we know what we’ve got. We don’t even know how to draft the plans right now” without making it too complicated and costly.

If the client’s existing will has tax-sensitive aspects to it and if the client’s estate is valued more than $1 million, Kahler says he is even recommending that the client not change the will until after year-end. “Chances are the client won’t die in the next 30 days, so we can wait” to see whether Congress makes changes, he says.  You can read her entire article here.

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