It’s important to remember that large estates may be subject to larger tax implications like estate and gift taxes, and any appreciating assets may also be subject to capital gains taxes. Below are a few often overlooked, but very important, considerations for high net worth estate planning:
Inflation: Rising inflation can negatively impact the worth of your estate over time. While there is no way to accurately predict what inflation will be when your beneficiaries receive their distributions, it’s a good idea to factor it in and continually revise your plan as conditions change.
Market Fluctuations: Appreciating assets will fluctuate in value over time thanks to average market volatility. Consider a plan that will protect your assets long term from potential market downturns.
Law Changes: Tax and estate planning laws are never truly set in stone, which makes it extremely important to periodically review your estate plan and make adjustments for any changes. Work with a trusted estate planner to understand the nuances of gift, estate and generation-skipping transfer tax limits.
RELATED: Plan Now for 2026 Estate & Gift Tax Changes
As you’re working through your advanced estate planning process, it’s important to be wary of the potential pitfalls that can derail your goals if things aren’t handled properly:
Ensure your estate plan is broad enough and structured appropriately to protect your assets by keeping the following in mind:
At Hackstaff, Snow, Atkinson & Griess, our estate planning attorneys are well-versed in the complexities of estate and tax laws, and can help you create a thorough estate plan. Contact us today for free consultation.
Rule is Currently Blocked Nationwide The Federal Trade Commission (FTC) adopted a new rule that…
Without a business succession plan in place, a number of events can happen to a…
Just as important as wills and estate plans are for individuals and families, so are…
With the recent adoption of the Colorado Paid Family and Medical Leave Insurance (FAMLI) Act…
After signing a non-disclosure agreement (NDA) at the beginning of a merger and acquisition (M&A)…
Colorado’s commitment to reaching 100% renewable energy by 2040 has sparked a big push in…