The American
Taxpayer’s Relief Act (ATRA) of 2013 has brought about an new tax paradigm
in which planning must focus on capital gains, asset protection, state tax
issues, income tax issues and Medicaid planning, all of which fall under the
elder law umbrella.
This will create new
challenges for families as well as estate planning generalists that are not
experts in the elder law component of estate planning.
We attended this year’s Heckerling
Institute for Estate Planning conference in Florida because, more so than
ever before, the estate planning and elder law landscape has changed, having
been impacted by a number of factors, including the ATRA and a continually-aging U.S. population in which nearly 10,000 Americans turn 65 every day!
We will share developing perspectives about elder law in our upcoming posts based on the above-listed changes.
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