Checklist for Reviewing Wills in 2010

The February 2010 edition of The Estate Analyst is comprised of an article by Robert L. Moshman (attorney and writer) entitled Emergency Will Repairs at Ground Zero--Estate Planning for 2010. The introduction to the article and the January 2010 edition of The Estate Analyst is below:

Estates now face a bona fide catastrophe. We’ve arrived at ground zero for the estate tax, and many estate plans were not designed for a world without any Federal estate tax.

Many wills need to be addressed immediately. Even a classic “credit shelter” or “A-B” plan could blow up under the current situation. Language from virtually every type of arrangement needs to be examined for each of the possible scenarios that could unfold.

Let’s sort it all out and build a checklist of ideas, protections and remedies that people can incorporate into their estate plans right now.

The end of the article contains a useful ten-step will review checklist for 2010.