Sample Client Letter on Estate Tax Reform
Dear Client,
Your estate plan has been affected by a series of highly unpredictable legislative developments. The Federal estate tax has been repealed for 2010 but is likely to be reinstated in one form or another, either this year or in 2011.
As a result of these radical changes, standard provisions of many wills, such as transfers to a surviving spouse, formula clauses apportioning assets, decisions on choices of where to live or locate your assets for tax purposes, and decisions on which long-term assets should be retained or transferred for purposes of minimizing capital gains tax, should all be reconsidered in light of changing circumstances.
Every estate is different, and your objectives may also have changed. It is important to remain vigilant over the next several months and adjust estate plans, investments, and wills to fully protect your assets.
I stand ready to assist you and will do my best to answer any questions you may have. I strongly advise you to set aside time to review your estate plans with me in the near future and remain engaged in this dynamic process.
Very truly yours,