“Thought for the Day” #957 – by Stephen R. Elville, J.D., LL.M.

April 27, 2017

President Trump’s 2017 tax reform proposal, and the early reactions to it, exemplifies the need for estate planning documents to be elastic and adaptable to changed circumstances.  Meanwhile, the continuing uncertainty on Capitol Hill again reminds us of the game of musical chairs.  Today’s takeaway – be certain to integrate tax-related and other flexibility into your will or revocable living trust planning.  By doing this, you can avoid being the last person standing when the music stops.