Once again you make my argument for me. Estate planning involves a lot of expensive lawyers, accountants and life insurance. It can only follow that you must have a hand in one of those cookie jars.
As Zell Miller once said: "How can Americans do estate planning when they don't even know what the inheritance tax will be in five years?"
Estate Planners just plan for the worst scenario—2011, unless there has been a stage IV cancer diagnosis or something like that.
Having just been through the process, I found the attorney fees to be very reasonable.
It can only follow that you must have a hand in one of those cookie jars.
Nope, in that area I am strictly a consumer wise enough to know when I can benefit from competent, professional advice.
"How can Americans do estate planning when they don't even know what the inheritance tax will be in five years?"
Wouldn't the same apply to stocks and bonds? Do you know where the market will be in 5 years?
Inheritance tax certainly isn't the only expense or issue addressed in estate planing. In fact, inheritance tax isn't an issue for most people.