Do You Need a Trust? – Expert Advice on Estate Planning

1. Dolly Parton is known for her philanthropy and has valuable lessons to teach about giving back to the community.
2. Winning a money judgment in court does not automatically provide funds, and there are additional steps to take to collect the money.
3. Non-citizens in the US do not receive all the tax benefits and estate planning considerations that US citizens do, which is important to keep in mind.
4. Discussing an estate plan with loved ones is important for every adult, regardless of wealth or age, to ensure that their wishes are implemented after they pass away. 1. Congress may consider whether to extend the high estate tax exemption introduced in 2017 under the Tax Cuts and Jobs Act or allow it to expire in 2025.
2. The upcoming election year raises questions about how much work Congress will accomplish in 2024.
3. The decision on the sunset provisions of the Tax Cuts and Jobs Act may have implications for estate taxes and economic policies.

Do You Need a Trust?