Los Angeles attorneys will answer "no" to this question, but there are good reasons. The focus of estate planning seems to have narrowed to tax avoidance, which legal experts admit is a vital part of any estate plan. Many individuals forget that complete plans go well beyond keeping assets from the IRS.
Term and permanent life insurance policies are used to help the very wealthy and the not-so-rich cover estate taxes or balance financial relationships among heirs. Estate planning experts suggest a thorough review of the purpose of the insurance before choosing between term or permanent policies.
Voters are subjected to various risks regarding the upcoming presidential election. Estate administration and decisions would be lot easier if individuals, estate planners and California heirs knew what to expect from the candidates and the Internal Revenue Service.