By Holland McBurns, Managing Partner, Evergreen Elder Law
Many of my clients are wondering what 2021 has in store for them with the changing of the guard at the White House. It’s no surprise that President Joe Biden is planning on making changes to the tax code. Could this impact your estate, gift taxes, and income taxes? Possibly.
From what I have been reading, planning concerns are for very wealthy individuals and couples – the Top 1%. Those who are worth less than, let’s say $5 million, may not have to worry as much. But that does not mean any changes should be ignored.
This is presenting a perfect time for our clients to review their current estate planning documents. With interest rates still low and market volatility, there are very good estate planning opportunities out there.
Estate Planning Focuses For 2021
Here are a few things that one might want to consider having reviewed:
Consider Hiring An Estate Planning Attorney This Year
When Evergreen Elder Law begins a review of our client’s estate planning documents, we look for anything that may have an impact on the estate. We review Wills, Living Wills, Power of Attorney, and Trusts. This is a complicated, but necessary effort. It allows our clients to decide how their assets are inherited. It provides an opportunity for our clients to make decisions about their own health.
Everyone’s situation is different. Every state has its laws governing estate planning. And, knowing that people can die at any age, anyone with financial assets should consider estate planning sooner than later.
So, the best place to start the process is with an Elder Law attorney. Wouldn’t you agree?
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I did some research and exploration and came upon the offices of Evergreen Elder Law. From the moment I spoke with the receptionist I felt respected, valued and regarded as an important client. I made an appointment for March 20, 2018. When I presented to their offices I spoke with someone who was sympathetic for my loss, confident that their offices could help and exuded competence. I was heartened to note that they were recognized as “Client Choice “Estate Law Office” for 2016.” And my experience with their offices made me a believer.
When my mother retired it became apparent we as a family needed help, Holland Mcburns was recommended by an acquaintance of the family. She was professional and very thorough and informative. I felt she was very up to date on the current opportunities that would best benefit my elderly mother, and make her retirement years worry free. After working with Mrs Mcburns, it was apparent that many people would benefit from her knowledge and dedication. I highly recommend her, and look forward to working with her on my estate planning.
Holland is very attentive and detail oriented. I felt well cared for, she returned calls promptly, and was always very sensitive to my needs. Holland gave me very good advice. She is very ethical and has legal services personalized to your needs.
Holland is a great listener and lawyer. When we came to her with our needs, she thoughtfully listened, was helpful with all our questions, and then explained our options. Her sense of humor helped us through some long waits with the system. In the end, we ended up with a surprisingly favorable settlement and a good friend in the courts.
Nadine and Mark Huck
Holland is truly one of the most sincere and professional attorneys I have come to know and over many years in the legal field. Her work is innovative in the complex area of estate planning and she strives to know the latest legal strategies to protect and represent her clients. Holland is dedicated to satisfying her clients’ needs and does it in a kind manner. She is a wonderful communicator both with her clients and with her colleagues. I highly recommend her to anyone in need of legal services.
Leesa Van Zandt
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The Evergreen Elder Law Team
Evergreen Elder Law is committed to helping you create comprehensive legal, financial, and physical security for you and your loved ones. Serving the Spokane, Tri Cities and Coeur d’Alene regions, we have the knowledge, compassion and professionalism to guide you in planning for the future, giving you peace of mind as you or a loved one makes important decisions for your family and future.
Let us provide you with a free 60-minute consultation. We are available throughout the week by phone and e-mail. Contact us now to set up the initial consultation, and we will make meeting with us easy. We welcome the opportunity to meet with you to come up with the best plan to meet your needs. We are available in-person or via tele-conference.