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THE CHANGING WORLD OF ESTATE PLANNING
A World of Uncertainty and OpportunityWhere Have We Been? Where Are We Going?
“Predictions are difficult – especially about the future” Yogi Berra
A. Stephen McDaniel
Wyatt Tarrant & Combs LLP
A BRIEF HISTORY OF TIME
Trusts Date Back A Few Thousand Years To Ancient Egypt
The Will/Trust World As We Know It Appeared In The 8th Century – English Clergy Began Acting As Executors And Trustees
The First Wills Were Nuncupative Lots of Contests In Terrorem Clauses Appeared
A BRIEF HISTORY OF TIME
Advisors Began Calling Themselves “Lawyers” In The 12th Or 13th Century Few Had Offices Most Practiced Out Of Bars Or Pubs
Early Wills Were Interesting – “Lex Testamentaria” (1590) – Early Text Girls 12 Could Make a Will Boys Had To Be 14 (Immature Even Then) An “Old Man” Who Forgets His Name Cannot Make
Will
A BRIEF HISTORY Continued
Attorneys Established The First Trust Companies In The U.S. And England Many Became Wealthy Managing Estates
Corporate Trusts First Appeared In The Early 1800’s – Farmers Fire Insurance And Loan Company Of New York Was One Of the First
1906 - Congress Enacted Laws To Allow Banks To Be Trustees
By 1920 Over 1300 Banks Offered Trust Services
A BRIEF HISTORYContinued
By 1980 Over 4,000 Banks Offered Trust Services & Controlled The Business Trust Assets Jumped To Over One Trillion Dollars
Today Bank Trust Companies Have Less Than Half of the Trust Business And The Numbers Are Falling! Private Trust Companies Are Now The Rage
Wyoming Private Trust Companies I Found 2,907 Non Bank Trust Companies On The
Internet
FEDERAL ESTATE TAXHow Has it Changed?
A Brief History Of The Law #1Even Before I Was Born: Egyptians (700 B.C.), Romans & Greeks Tax Estates1798: First Federal Death Tax Is Passed To Pay For The Revolution
Taxed Inheritances of Over $50It Is Repealed In 1802
1862: The Death Tax Reappears To Pay For The Civil War
It Is Repealed In 1870
FEDERAL ESTATE TAXHow Has it Changed?
A Brief History Of The Law #2
1898: The Estate Tax Reappears, This Time To Pay For The Spanish American War
Is It Proper “To Stand By The Grave Side Of A Dead Father And Collect Tax” Senator Allen
The Tax Is Repealed In 1902
But Factors That Existed Around The Turn Of The Century Caused The Debate To Continue
Jekyll Island
FEDERAL ESTATE TAXHow Has it Changed?
A Brief History of the Law #3• 1916: First Estate Tax - $50,000 Exclusion• 1924: First Gift Tax - $3,000 Exclusion• 1948: Marital Deduction: ½ of the estate
• Maximum Rate 77%
• 1976: Increased Exclusion from $60,000 to $175,625 (’81)
• 1981: Increased Exclusion to $600,000 (’87) and Gift Tax Exclusion to $10,000
• Unlimited Marital Deduction
FEDERAL ESTATE TAXHow Has it Changed?
A Brief History of the Law #4• 1997: Taxpayer Relief Act Call For Increase In
Exclusion To $1 Million• 2000: The Battle For Repeal Heats Up
• Tractor At the White House
• 2001: Everything Is Changed:• Welcome To The State Of Confusion
• Ten Years Of Uncertainty• Ten Years Of Change – What Year You Die
Matters
FEDERAL ESTATE TAXHow Has it Changed?
A Brief History of the Law #5• 2010: The Sky Falls. No Tax But….• How Did That Happen?
• Blanch Lincoln & John Kyle Refused To Vote For a $3.5 Million Exemption
• The Sky Falls: No Death Tax• The “Winners”: At Least 6 of Them
• Dan Duncan (Intergy) - $ 9 Billion
• George Steinbrenner (Yankees) - $1.1 Billion
FEDERAL ESTATE TAX EXEMPTION
1975 - $60,000
1987 - $600,000
2002 - $1,000,000
2005 - $1,500,000
2006 - $2,000,000
2009 - $3,500,000
2010 – NO TAX
2011 - $5,000,000
2014 - $5,340,000
11
ESTATE TAX STATISTICS
• 1976: • 139,000 Estates Subject To Tax• 7 ½% Of All Estates Subject To Tax
• 1996:• 32,000 Taxable Estates• Less Than 2% Subject To Tax• $17 Billion In Revenue
• 2000: • 52,000 Taxable Estates• $24.4 Billion In Revenue
• 2012: (Revenue Was From 2011 Deaths)• 3,738Taxable Estates• Less then 1/4% Subject To Tax• $ 8.5 Billion In Revenue
ESTATE TAX REVENUE
Year
1995
2000
2005
2010
2012
Tax (000,000)
$14.3
$24.4
$21.7
$13.2
$ 8.5
Taxable Returns
36,58852,00020,250 6,711
3,738
ESTATE TAX REVENUE 2012
Year
Under $5M
$ 5M to 10M
$ 10M to 20M
Over $20M
Total
Taxable Returns
237
999
502
405
3,738
Tax (Billions)
$ .1
$ 1.2
$ 1.9
$ 5.3
$ 8.5
WHERE DO WE GO FROM HERE?
• Obama Proposal – It Is Not Over Until It Is Over!
As We Move toward the next election There is More to Discuss
• Fiscal year “Green book” Proposals 2014
• Reinstate the $3.5 Million exemption in 2018
• Move th3 top Tax rate to 45%
• No indexing
• Retain Portability
• No Clawback
WHERE DO WE GO FROM HERE?
• Fiscal year “Green book” Proposals 2014 Continued
• Require GRATS to Run For At Least 10 Years
• Limit GRATS to Run for life plus 10 years
• Killing the 99 year Grat
• Limit GST Exemptions to 90 Years
• Require Basis Consistency
• Limit Crummey Withdrawal Rights to $50,000 a Year
• Strangely, the provisions to Reduce Discounting on Family Entities is gone!
WHERE DO WE GO FROM HERE?
Lobby Money Is The King! Millions Went Into The 2012 & 2014 Elections Millions More will go into the 2016 Elections
Tax Foundation Survey (2009) Estate Tax Is The “Most Unfair Tax” 2/3 Of The Population Are For Repeal
Possible Results – It Is Not Over! The Fight Will Continue To Repeal The Death Tax If Repeal Is Not An Option The Tax Rate Is The Battle
Field
STATE INHERITANCE TAX
Under Prior Law States Received A Part Of The Federal Estate Tax – State Death Tax Credit - 6% To 16% Of The Federal Share Of The Tax
Since 2005 The Credit Is Gone – Along With $5 Billion To The States
20 States (more or less) Have Decoupled From The Federal Law or Have Their Own State Inheritance Tax Do You Know Which States?
DOCUMENTS MUST BE FLEXIBLE
What If The Federal Exemption Changes Again?
What If The Federal Estate Tax Is Repealed?
What If The State Changes The Inheritance Tax Law?
What If Your Assets – Or Values – Change?
What If You Are No Longer Capable Because Of Illness Or Accident To Change Your Plan?
Blowing in the Wind We Are In The Midst Of The Most Radical Changes In
The Estate Planning Profession Since The Federal Estate Tax Was Reinstated For The 4th Time In 1916
Death Taxes No Longer Drive The Train
In 2014 Fewer Than 4,000 Estates Will Be Subject To Death Tax
That Is Less Than 1/2 Of 1 % Of Those Who Die
A CHANGING WORLD
Previous Tax Tools Are Turned Upside Down Will We Argue For Higher Values To Increase
Basis? Will We Reverse The “Defective “ Trust Concept?
Remember The Old Clifford Trusts? Will Marital Deduction Planning Be More
Complex? You Might Want To Actually Leave Assets In
The Estate Of The Surviving Spouse To Increase Basis At The 2nd Death
A CHANGING WORLD
American Society has changed Married Couples 1950: 78%
2010: 48% Married with Children 1950: 43%
2010: 20% By age 85 Women outnumber men by 4 to 1 47% of American families support a minor or adult
child or an elderly parent 15% support both
A CHANGING WORLD
49 million
79 million
41 million
71 million
23 million
• Silent Generation• Baby Boomers• Gen X• Gen Y• Gen Z
WINDSOR v. U.S. Doc # 12-2335-cv (10-12)
Edie & Thea Start Committed Relationship In 1962 1993 Registered As Domestic Partners – New York Married In Canada In 2011
Thea Died Edie Filed Estate Tax Return – Claimed Marital Deduction IRS Says No – Cites Defense Of Marriage Act District Court Agreed With Edie DOMA Unconstitutional Ct Of Appeals Agreed
Supreme Court Rules The Federal Government Is Prohibited From Placing Any Classification On
The Recognition Of Marriages – This Is A State Issue, And Must Be Left To The States
Deinlein v. U.S. 114 AFTR 2d 2014-5390(DC KY) 7/23/14
Taxpayer Owes The IRS Tax Liens Filed
Mother Dies Taxpayer Disclaims The Inheritance Tax Court Holds That The lien Attaches to the interest
notwithstanding the Disclaimer Case Follows Drye 528 US 49 (1999)
FAILURE TO TIMELY FILE 706 TO ELECT PORTABILITY
Rev Proc 2014-18 Provides An Extension To Estates To Elect Portability For Decedents Who Died In 2011,1012 And 2013 Who Did Not Timely File A Federal Estate Tax Return It Applies To Estates Too Small To Require The Filing
Of A Return Requires Filing By December 31, 2014
PLR 201421002 May Offer Help To Those Who Fail To Meet The 12-31 Deadline
ESTATE TAX UPDATE INSURANCE
Remember Rev Rul 2009-13 Outlined Income Tax Consequences Of
The Sale Or Cancellation of An Insurance Policy Did Anyone Care?
The IRS Did! Fujishima Turner Perez Chambers
ESTATE TAX UPDATE LIFE INSURANCE
Brown v. Comm’r (7th Cir 9-11-12)
1982 Brown Purchases NW Mutual Policy
$1,837 Level Premium - $100,000 DB
1987 CVs Used To Pay Premiums
2004 Dividends Used to Pay Premiums & Loans
2005 Loans Equal Cash Values – Policy Terminated By Company
1099: $29,093 Taxable
Court Agrees!
ESTATE TAX UPDATE LIFE INSURANCE
White v. Comm’r, T.C. Summary Opinion 2012-108 (2012)
1992 White Works for Company
Company Offers Insurance through payroll deductions
White pays $22,000 over years
White changes jobs & stops paying
Policy lapses in 2008
1099: $3,000 Taxable
Court Agrees!
THINGS TO THINK ABOUT
Swap High Basis Assets Held In Grantor Trusts For Low Basis Assets
Get Rid Of Discount Entities – Get More Basis
Give Beneficiaries A General Power Of Appointment
Turn Your Poorer Ancestor Into An Asset Gift Low Basis Assets Into Trust For Parent
Consider A GRAT For The Poorer Parent
Give The Parent A General Power Of Appointment
Parent Dies, Basis Is Stepped Up, Assets Pass To Grandchildren – Sooner Rather Than Later
FAMILY GIFT TRUST
Husband Creates Trust For Wife (And Children) For Life Of Wife Maximum Gift $5.34 Million Spouse Receives Income/Principal – Support In Accustomed
Standard Of Living Trust Is Protected From Claims Of Creditors, Future Spouses &
Death Tax At Death Of Spouse
Trust Can Then Be Held For Children For Life & Pass To Grandchildren
Same Asset and Death Tax Protection
No Gift or Death Tax – Ever – Regardless Of Value!
No Probate - Ever
GRANTOR RETAINED ANNUITY TRUSTS MECHANICS OF CREATION/CONCEPT
Assets to Trust
Annuity to Grantor
Family
Remainder for Family
Grantor
GRATS REVISITED
We Obsess Over Short Term GRATS The Walton’s Moved $XXX Using 2 Year Trusts
IRS Rate For November Is 2.2% A 15% Jump Each Year For 2 Years On $1 Million $270,000 Tax Free To Kids
Why Not Go Long? 10 Years Ten Year GRAT $1 Million Assume a 6 % Return over 10 Years $300,000 At End Of The Term
GRATS REVISITED
Assume An IRS 7520 Rate Of 2.2%
Why Not Go REAL Long?
99 Year Zero GRAT !!
$1 Million - $ 24,886 Per Year – Zero Grat
Ten Years From Now the Grantor Dies
The Trust Still has $1 million In Principal
• The 7520 Rate Is Higher – 5%
What Happens?
• The value In the estate is $491,555
• 20.2036-1(c)(2)(iv)(ii)
GRATS REVISITED
• A Grat Is An Annuity• Per Section 20.2036-1(c)(2)(iv)(ii) The Value using the
7520 Rate At Death Is The Amount of Corpus Necessary to yield the annual pay out
• Look At the Amount Included! 2.0% $ 772,000 4.0% $ 603,000
GRATS REVISITED
The Term Is Important
Even A 50 Year GRAT May Not Work
It Is a “Math” Thing
Obama Proposal Limits to Life expectancy plus 10 Years
31 Years for a 60 year old
You have To Run The numbers
Must Address Payment Of The Tax – Not From The GRAT
At Death Might The Trustee And The Child Who Inherits Acknowledge A Merger Of The Annuity Interest And The Remainder Interest And Terminate the trust?
If So..”Poof” It Ends
Might The Grantor Buy Out The Annuity Interest During Life And End It Leaving The Balance With The Child?
CHARITABLE LEAD TRUST
Grantor Transfers Assets to Trust
Income (Fixed Amount or Percent) Is Paid to Charity for Term of Years
Grantor Receives Charitable Deduction
Gift to Family at End of Charitable Term Is Discounted
Remember – 65% of American households give to charity - $298 Billion in 2011
161,000 Donor Advised funds in US
CHARITABLE LEAD TRUST
Grantor Gives $50,000 a Year To Charity
Grantor Transfers $1 million to 20 Year Trust Remainder to Children Trust Pays $56,530 Per Year To Charity Zero Gift
Assume a 6% Return Over 20 Years
$1,127,000 Goes To Kids 20 Years From Now
Grantor Receives $ 1 Million Charitable Deduction
THE FUTURE OF ESTATE PLANNINGIt Is NOT About Death Taxes!
• It Is Not About Taxes!
• It Is About Leaving A Positive Legacy For Heirs
• It Does Not Start With Things
• It Starts With People
• Protecting And Preserving Family Wealth Is The New Goal
IS ESTATE PLANNING DEAD?
• Just The Baby Boomers Will give us enough work for years
• Lots of Dead People. Lots of Estates to administer
• 2.5 million will die in 2014
• Up from 1.7 million in l960
• 2020: 2.9
• 2030: 3.3
• 2040: 3.8
HIPAA PRIVACY LAW
Problem: Medical Providers Can Be Reluctant To Release Medical Information On A Child Even To Parents Once The Child Is 18.
Solution: Adult Children Should Sign Medical Power Of Attorney Naming Their Parents.
Problem: Out Of Town Without The Kids?
HOW TO BLOW AN INHERITANCE
35% Wish to protect the heirs from themselves – mismanaging the inheritance Wealth Counsel Industry survey
Lost inheritances (published 3-7-13 in WSJ) 70% of inherited wealth of affluent residents gone by end of 2nd
generation 90% by end of 3rd generation
MAJOR TRENDS
Estate Planning Is For The Living, Not The Dead
I Kill Off Most Clients In the First 30 Minutes Of The Meeting. Why Are They Uncomfortable?
Primary Goal Of Most Clients
Pass Wealth Free Of Tax – NOPE!
Protect The Wealth Of The Family – Yes!
CLIENT GOALS & ATTITUDES ARE CHANGING
Clients Want Satisfying Careers For Children
Children Supporting Themselves Financial Success Is A Low Priority Asset Protection Is High Priority
“I Want My Children To Have Enough To Be All They Can Be…..But Not Be Nothing”
“I Want My Children To Have Enough To Do All They Can Do…..But Not Do Nothing”
CLIENT ATTITUDES - - THE IMPLICATIONS
Greater Use Of Trusts – It Is Not Just Taxes!
Changes In Trustee Roles
Increased Complexity In Structure Of Trusts – Not Just Health, Support & Education
Please Define
Support In Her Accustomed Manner Of Living
Support In Reasonable Comfort
Purpose Clauses Are Important
LITIGATION ISSUES Estate – Will Contests – Are Up Substantially
Bad Document
Dysfunctional family- Greed
Incompetent fiduciaries
Good Estate Planning Includes Making It Difficult For Family To Fight
Contest Provisions – In Terrorem Clauses Required Mediation
LITIGATION ISSUES The Mother Of Probate Law Revisited
89 Year Old Marries Innocent 26 Year Old Marriage Lasts 14 Months Husband Gifts Wife $6 Million Husband Dies 0 $1.6 Billon Estate Wife and Son Go to War Wife File Bankruptcy. Court Gives Her $474 million –
Later Reduced to $90 million Wife Dies Of Overdose Who Is The Daddy? Marshall Case Gets To U.S. Supreme Court Son Dies – But The Fight Continues
LITIGATION ISSUES
The Strange Case Of Brooke Astor
Dies In 2005 At Age 105 Changes Estate Plan in 2004 Son – Age 85 - Indicted and Tried for Fraud and Larceny 19 Weeks Of Trial Found Guilty on 14 Counts Gave Himself a $1M Raise Using Power Of Attorney Sold Art For $10M And Paid Himself $2M Attorney For Ms Astor Indicted and Tried Both Convicted And Likely Going To Jail
YOUR CLIENTS – AN EXPLOSION OF WEALTH
American households have a total Wealth of $66 Trillion Most is owned by the top 20% Americans over 65 have a net worth 47 times the net
worth of those under 35 Are You counting on an inheritance?
Count Again We are living longer It is expensive
AN AGING POPULATION –OUR BIGGEST CHALLENGE
In 2010 There Were More People 65 And Over Than 5 And Under
Those Older than 85 -fastest growing demographic group
3.9 Million live with children
Dementia Treatment Direct Cost To Famlies: $109 Billion In 2012
Average Family spends $41 to $56,000 a year Expected To Double in 30 years
Alzheimer’s Is A Greater Threat Than Cancer Cancer Cost only $77 billion In Direct Cost to famlies
AN AGING POPULATION - OUR CHALLENGE
1985: 1 In 8 Are Over 65
2011: 1 In 6 Are Over 65
3.6 Million New Recipients In 2011
Those Over 100
1990: 37,000
2011: 100,000 plus
From 1990 To 2020 The Average Age Of The Population Will Go From 33 To 42
What Are The Fears Of The Elderly?
AN AGING POPULATION – OUR BIGGEST CHALLENGE
76 Million Baby Boomers (1946-60)
Turning 65 This Year
10,000 A Day
42 Million Are Over 50
Between Now and 2025 Those 65 Over Will Increase 60%
They Are 26% Of the Population
Over The Next 10 Years 30 Million Will Retire
They Are Going To Retire With 20 to 30 Years To Live
AN AGING POPULATION –OUR BIGGEST CHALLENGE
• When Are You No Longer Competent?– Time Test– Animal Test– Thing Test– Count Test
• How Do You Know?• Who Says You Are Incompetent?• Who Manages Your Assets?
• Durable Power Of Attorney
• Who Makes Medical Decisions?• Health Care Power Of Attorney• Living Will
AN AGING POPULATION OPPORTUNITIES
Retirement Funds
Long Term Care
Medical Needs
Disability Needs
Education Needs
THE TIMES THEY ARE A-CHANGING
Think legacy Planning Think Litigation 14 million Legal Aliens Don’t forget Business continuation
87% of Business owners have no written exit plan 47% never intend to retire
Unmarried Partners Are the Norm 8 million opposite sex households 1 million same sex households
Baby Boomer divorces are skyrocketing 66% are initiated by women
Widowers are 10 time more likely to remarry than Widows
SO WHAT DO WE LEARN?
The Tax Law Changed But Your Estate Plan Did Not Your Assets Changed But Your Estate Plan Did Not If We Do Not Die, We Will Get Old?
Will We Be Competent During Our Last Years? Who Will Manage Our Finances?
Documents Must Be flexible What Year Do You Plan To Die? What Will The Law Be? What Will Your Estate Be Worth?
Those Who Fail To Plan, Plan To Fail
CHANGES IN THE TAX LAW
Will prepared in 1999
Client’s Estate: $4 Million – Then & Now
Client wants the Maximum that can pass tax free to go to children of first wife ($650,000 in 2001)
Client dies in 2014
Kids get $4 million – Wife Zero
The Fight Starts! Lawyers Win
THE LAW CHANGED MY WILL!
CHANGES IN THE TAX LAW
THE LAW CHANGED MY WILL!
Will prepared in 2003
Client’s Estate: $4 Million
Client wants the Maximum that can pass GST tax free to go to Grandchildren ($1 Million in 2003)
Balance To Daughters
Client dies in 2014
Estate Is Now $5 Million
Grandchildren get $5 Million
Daughters Split Nothing
THE CHANGING WORLD OF ESTATE
A. Stephen McDaniel
Wyatt Tarrant & Combs LLP
66
NOW FOR 5 MINUTES OF FUN!IF WE HAVE TIME . . .
A BRIEF HISTORYThink About The World
1946 – First Electronic Computer - ENIAC 1947 – Transistor Is Invented 1954 – Firs Transistor Radio & RCA Color TV Hits The Market
1956 First Wireless Remote 1958 – BOA Introduces “Visa”
Consumer Debt Surges 1965 – Fred Smith Gets A “C” 1965 – Gordon Moore (Intel) Predicts Processor Speed Will Double Every 2
Years 1971 – Intel 4004 Processor 10,000 Instructions A Second 2006 – Intel Processor Executes 20 Billion A Second 2008 – IBM Roadrunner 1 Trillion A Second 2011 – Fitijsu 10 Trillion A Second
A BRIEF HISTORYThink About The World
1969 – Wal-Mart Is Incorporated
1970 – One Sq. Inch Of Hard Drive .9 Megabytes
• 2012 – Segate Introduces Hard Drive with 1 Terabit per Sq. Inch
1970 Texas Instruments TI30 – The Slide Rule Is Dead
1971 – FedEx Incorporated First Answering Machine “Phone Mate 400” Intel 4040 Processor executes 10,000 instructions per second
• Processors Now Easily Execute Billions a Second
1973 – Motorola Introduces Cell Phone 1983 - Cell Phone Hits Market 12”, 2 Lbs, $3,995
A BRIEF HISTORYThink About The World
1977 Apple Two Atari 2600 JVC Introduces the VCR
1979 – Walkman Introduced 1981 – IBM PC 1984 – FedEx Introduces “Zap Mail” 1988 – Fert & Grunberg Develop Process
Results in Nobel in 95 Results in IPod in 2001
1989 – Berlin Wall Comes Down 1990 – Kodak Introduces Digital Camera 1991 – First Web Sites Appear
A BRIEF HISTORYThink About The World
1995 – The Dow is at 4,000! NetScape Goes Public First DVD Hits Market GPS Available To Public E-Bay - First Sale Is Broken Laser Pointer Google - Searches Per Day Exceed 400 Million
• 2011 – 4 Billion Ticket Master Sells First On line Ticket China Explodes
• US Skilled Worker $4,000 Per Month• China Skilled Worker $150 Per Month
A BRIEF HISTORYThink About The World
1999 – the Blackberry Arrives
2001 - Apple iPOD Hits Market
2007 – Dow Hits 14,000 Apple introduces the iphone
2008 – Lehman Brothers files Bankruptcy Fed Reserve Loans AIG $85 Billion Dow Ends Year At 9,000 First Baby Boomers Begin To Collect SS
A BRIEF HISTORYThink About The World
2009 – More New Cars Sold In China Than US
2010 – Social Security Payments Exceed Revenue Projections Had Said 2016 24% Of Home Mortgages Under Water
2011 Apple Introduces The iPad IBM’s Watson Beats Jennings & Rutter
2012 – Nothing Happened Worth Talking About Fox News Was Wrong The World Did Not End In December Congress Did Nothing Of Value
A BRIEF HISTORYThink About The World
Now, Why Do You Think That You, Your Office Or Company Can Do Business The Same Way You Did In 1994, 2004 or Even 2010?
The World Has Changed! The Day a Client Can Go on His Computer And Prepare
His Own Estate Planning Documents Is Here Change, Or You Are History
A. STEPHEN MCDANIEL
Senior Attorney – Wyatt Tarrant & Combs LLP 200 Plus Attorneys – 27 Estate Attorneys Memphis Attorneys:
• 5 Certified Estate Planning Specialists (7 In Memphis)• 2 CPA’s• 1 LLM in Tax
Former Attorney With IRS Estate & Gift Tax Division UM Law School Adjunct Professor
Estate Planning, Trust Law, Estate Tax, Insurance Law Named Twice by Worth Magazine as top 100 Estate Planning Attorney In U.S. Past President of National Association of Estate Planners
200 Councils and 20,000 members Past President of Estate law Specialist Board
Administers ABA approved Board Certification of Estate Planning Attorneys
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