“Thought for the Day” #849 – by Stephen R. Elville, J.D., LL.M.

November 18, 2016

At a recent event the presenter gave a PowerPoint presentation outlining in very brief ten-minute fashion an overview of the major events affecting estate planning, elder law, and special needs planning over the past twenty-five (25) years since 1991. What was revealing about this condensed information was not only how much change had occurred, but how some of those change events had come full circle – some events seemed to have changed the landscape forever, while others indicated change that once appeared permanent but in reality was only cyclical – later observation revealed that further change negated the original change event or series of events, reverting back 180 degrees to the original law or status. The point of this brief blog is this: changes of great import have already occurred over the past twenty-five (25) years, and will continue. Changes in tax, health care, and other policy that will likely occur under the new Trump presidency and Republican majority are nothing more than a continuation of the past. There is nothing to fear – rather, we are called upon to prepare for change.