What Clients Should Do as Clock Runs Out on Estate Planning

With the deadline looming on the of the 2017 Tax Cuts and Jobs Act, Neil Carbone shared his insights with Financial Advisor Magazine on potential changes affecting estate planning.

“For those with assets that fall below the current exclusion amounts, it may seem there’s no need for tax planning, but they could be giving up a significant opportunity if the exclusions aren’t extended,” said Neil V. Carbone, partner and trusts and estate litigation expert at the law firm Farrell Fritz in Uniondale, N.Y. “Those with assets above the current exclusions should consider making gifts [and minimizing exposure to] the 40% federal estate tax.”

Read more of Neil’s insights here:

Financial Advisor Magazine | What Clients Should Do As Clock Runs Out On Estate Planning