2020 started with near record low unemployment and record high stock market prices—not to mention pre-pandemic 20/20 hindsight jokes. Now that we are able to look back at the first eight months of 2020 with the benefit of hindsight, we can see many things that we did not view as possible eight months ago, and which are now becoming a reality. As with any meaningful paradigm shift, this change brings not only pain but opportunity.

While the core focus of this article is tax planning for individuals with taxable estates, estate planning is important for everyone. Many people put off estate planning because they think it’s just for the retired and the wealthy. This mindset could not be more wrong. Almost everyone has an estate. Your estate is comprised of your possessions (cars, houses, bank/investment accounts, personal effects, etc.).

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]