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Is Your Estate Plan Obsolete?

For decades, lawyers routinely recommended A/B estate plans for married couples. Many clients dutifully followed their advice, even though these plans can be convoluted. However, A/B plans that were put in place years ago could have negative tax consequences. If you haven’t reviewed your estate plan recently, it might be time. How A/B Plans Work A key component of the A/B plan is dividing an estate into two major parts–a classic technique used by Hollywood icon Humphrey Bogart. In his will, signed eight months before he died in 1957, Bogart left all of his personal possessions to his wife, […]