I'm not planning on going anywhere! Why is everyone saying 2010 is a good year to die?

Why 2010 May Be a Good Year to Die:

The Economic Growth and Tax Relief Reconciliation Act of 2001 provides that in 2010 the estate tax is repealed and there is no estate tax. Therefore, from a tax perspective, 2010 may be a very good year to die. But, we don't know for sure, as many experts expect Congress to act to prevent the repeal of the estate tax. This article written by Steve Hartnett, Associate Director of the American Academy of Estate Planning Attorneys spells out the process for getting a new estate tax measure passed in Congress and the impact of the delays.*

To read more about the current status of the estate tax follow this link to our website: 

http://www.handslaw.com/daURL/v5/global_cda.aspx?cid=9729&ctid=3177

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*Article compliments of the American Academy of Estate Planning Attorneys, By: Stephen C. Hartnett, J.D., LL.M. (Tax)

What is estate planning?

In its most basic form, estate planning is the process of planning for the management and disposition of your assets and resources when you are deceased or no longer able to manage your own affairs. While most people think estate planning is just worrying about assets or minimizing income and estate taxes, it is really much more. Estate planning is really about accomplishing your goals during your life and beyond.

Although many people share similar goals, the process of estate planning involves identifying your own specific goals. Once you identify them you can, along with your advisors, determine the best strategies to achieve them. Since people are different, this estate planning process will be very different from person to person.

*Excerpt from Love, Money, Control: Reinventing Estate Planning by Daniel O. Hands, Robert A. Esperti, and Renno L. Peterson