Frequent changes in rules and regulations governing estate planning issues is causing fatigue among wealthy families. The stress and fatigue is causing a lot of wealthy families to put off or ignore estate planning issues. According to a CNBC Millionaire Survey more than a third of families with at least $1 million in assets have not sought out expert assistance in drafting an estate plan. Wealthy families should seek out expert assistance to stay ahead of both State and
Federal regulations. Estate Attorneys should keep their clients informed and make sure that the documents they have are up-to-date.
See Kyle E. Krull, “Rich” Suffering from “EP” Fatigue?, Wealth Management, July 13, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
