218 North 14th Ave, P.O. Box 317, Sturgeon Bay, WI 54235

920.743.9117

Door County WI Estate Planning Blog

Tuesday, July 8, 2014

The Estate Planning World has Flipped

 There is a new paradigm in estate planning.

Three major changes have profoundly affected the estate planning world.

1.  The 2012 American Taxpayer Relief Act (ATRA) with its increase in the estate tax exemption to over $5,000,000 as the lead game changer. Estate Taxes have been eliminated for most Americans.

2.  Wisconsin last December passed the new Uniform Trust Code which took effect on July 1, 2014.

3.  The US Supreme Court Decision in Clark v. Rameker that inherited IRA's are not creditor protected.

I will give each of these items further discussion in upcoming articles.

My Recommendation:  All  trusts and estate plans prepared prior to 2012 should be reviewed

Read more: http://www.rossestateplanning.com


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218 North 14th Ave, P.O. Box 317, Sturgeon Bay, WI 54235
| Phone: 920-743-9117 | 866-743-9117
2300 Riverside Drive, Green Bay, WI 54301
| Phone: 920-743-9117 | 866-743-9117

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