Not really according to a new survey from TD Wealth. The survey found that 44% of estate planning professionals cite family fights as the biggest threat to estate planning in 2018. Only 25% cite tax reform with the remaining 12% considering the volatility in the stock as the next largest area of threats to estate plans.
“We’re seeing a lot more blended families and a lot more multiple marriages, younger spouses, kids from prior marriages – and all of that has the potential for conflict,” said Ray Radigan, head of private trust at TD Wealth, in an interview with Investopedia.
Estate planning has almost always been about family dynamics. Making sure the clients wishes and desires are carried out in efficient and effective manner to minimize family conflict is most estate planning attorneys’ primary goal.
If you would like to meet with one of our attorneys on creating an estate plan to make the transition of your estate to your loved one ones as smooth and effective as possible, please give us a call.
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