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While traditional estate planning is still important, there are a number of trends developing in estate planning for 2021 and beyond.
Traditional estate planning that is still prevalent today includes designating how your assets will be left behind to loved ones - either outright or in trust. Trusts appear to be more commonly used today to accomplish people's objectives of keeping assets in the bloodlines, preserving assets from being squandered due to a beneficiary's poor management skills or spending habits, reducing government interference in the estate, and then also providing for who will manage your estate and health care when you can't.
Trends developing in estate planning for 2021 include estate planning from home, the use of technology to prepare and execute estate planning documents, and a heightened sense of tax avoidance due to potential changes in the estate tax and capital gains tax structures.
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This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney
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By: America's Estate Planning Lawyers
Title: Estate Planning in 2021 - What’s Hot?
Sourced From: www.youtube.com/watch?v=Kh9VLv66k10
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