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By Paul D. Brick, CFP® 
Certified Financial Planner
Stambaugh Ness Financial Strategies

 Under current law, the estate tax is scheduled to phase out gradually from 2002 to 2009, be repealed in 2010, and then be reinstated in 2011. Of course, this assumes that no further tax legislation passes during this time.

Your estate planning strategy should encompass the possibility that you could die during three periods - the phase-out period, the year of the repeal, and after the estate tax is reinstated in 2011. Keeping up with these changes may involve redrafting documents upon reviewing your estate plan every couple years.

The tax law notwithstanding, you should also evaluate your estate plan when financial and personal situations change (for example, your investments or home increases in value or a loved one suffers a disability or dies).

Do you have questions about your estate plan and its ability to keep up with ever-changing laws while minimizing your tax burden and meeting your financial goals? If so, contact Paul D. Brick, CFP® of Stambaugh Ness Financial Strategies at 717-757-6999 or 800-745-8233, or email him using the form below. During a free, intial consultation, Paul can discuss the ten areas of your financial life that can impact your retirement plans.

Securities and advisory services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC. Geneos Wealth Management, Inc is not affiliated with Stambaugh Ness CPA/Business Consultants.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any US tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.

Securities and advisory services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC. Geneos Wealth Management, Inc is not affiliated with Stambaugh Ness.