Originally, the American Taxpayer Relief Act (ATRA) hadfrightened a group of estate planners into thinking that there would be fewerclients looking for estate planning advisors if the act was passed. However,since the ATRA has been passed, it has had the opposite effect on estateplanning services. In fact, some experts claim that because of the baby boomer generation we are approaching the“Golden Age of Estate Planning.” One of ATRA’s advantages is that it has takenthe temporary $5 million federal estate tax exemption and made it permanentwith subsequent inflation adjustment settings. As a result, people can predictthe federal estate tax system. Moreover, over 99% of all taxpayers areprotected from the “death tax.”
See Richard A. Behrendt, The Golden Age Of Estate Planning, WealthManagment.com, Jun. 7, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
