Media


05/01/16


Stein Sperlings Estates and Trusts Team featured in Bethesda Magazine's "Ask the Attorney"

Related Attorney(s): David S. De JongAnn G. JakabcinDavid B. Torchinsky Steven A. WiddesCaroline Ford BonaviriMicah A. BonaviriAdam S. Abramowitz

Publication Name:

Bethesda Magazine

Media Type: Alert

Stein Sperling's Estates and Trusts team was featured in the "Ask the Attorney" section of Bethesda Magazine's May/June 2016 issue, where they answered the following question:  

My net worth isn’t high enough to take advantage of estate tax savings. Do I really need to consult with an estate planning attorney?

 

While tax savings are often a driving factor for high-wealth individuals to seek estate planning counsel, estate planning involves far more than estate tax planning. In fact, there are a multitude of considerations for individuals with assets valued under the current $5.45 million federal exemption threshold.

We believe that estate planning must involve the management of your accumulated wealth during your lifetime, not just developing a strategy to transfer your assets at your death in the most expeditious and cost effective manner possible. We want to help you navigate planning for the “worst case” scenarios you may encounter long before your death, such as temporary or permanent incapacity and long-term disability.

  • Are there tools in place to allow a trusted individual to manage your assets for your benefit if you are unable to continue doing so? 
  • Have you thought about who you would want to make medical decisions for you should you be unable to speak for yourself?

The depth of our experience means Stein Sperling estate planning lawyers are equipped to ask and answer questions that result in a truly comprehensive estate plan. With the right tools in place, you will have planned for far more than tax savings. You will have empowered others to make decisions, on your behalf and according to your wishes, in life as well as in death.


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