Comprehensive Estate Tax Planning #doctor #estateplanning

If you expect to have an estate tax problem, what you need to do is meet with an estate planning attorney in your state. That's well worth it, right? I mean, you're talking about having more than $26 million. If you're married, you've got enough money that you can pay an estate tax planning attorney a few thousand dollars and you're still going to come out ahead and you can talk about grats, you can talk about slats, and you can talk about cruts and all kinds of fun stuff in those meetings and figure out what's best for your situation. Because there are downsides to all of these trusts and methods to minimize income, inheritance and estate taxes and meet your financial goals. But you need to really figure out what your situation is, what your goals are, and then pick the right tool to meet those goals. Rather than hearing about something cool like a GRAT and saying I want a grat, you really need to do a comprehensive planning process. Just like you do comprehensive financial planning before you start selecting investments, you want to do comprehensive estate planning before selecting trust.