Epling Law Office LLC

Practice limited to estate planning, probate, businesses and real estate

the maintenance plan

Your estate plan is a snapshot of you, your goals, your family, your assets, tax laws, and other laws in effect at the time it was created. All of these variables change over time, and so should your plan. It is unreasonable to expect the simple Will written when you were a newlywed to be effective now that you have a growing family, or now that you are divorced from your spouse, or now that you are retired and have an ever increasing swarm of grandchildren.

THE MAINTENANCE PLAN is only $99 per year and includes the following benefits:

1. Unlimited “name” changes to executed documents.
2. Unlimited calls and emails.
3. Unlimited POA restatements.
6. Webinars, Newsletters, and/or Emails updating you on the legal landscape.
7. Safekeeping of original documents in the firm’s will vault. 
8. Client may cancel at any time.

The average person’s Will was drafted in the 1990’s.  Here are some major estate law changes that have occurred since then:

  • The Omnibus Budget Reconciliation Act of 1993 – A maximum 55% tax rate on taxable gifts over $3 million.  Estate tax exemption for an estate’s first $600,000.
  • The Taxpayer Relief Act of 1997 – Provision to increase estate tax exemption to $1 million by 2006.  Also created deduction for family businesses exceeding 50% of the total estate.
  • The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 – Gradual increase of estate tax exemption from $1 million with 50% maximum rate to ultimate repeal in 2010.
  • Tax Relief Act of 2010 – Unification of estate, gift, and generation-skipping transfers to maximum 35% tax rate with exemption on first $5 million.  Rules in place for 2011 and 2012 only.
  • American Taxpayer Relief Act of 2012 — extended “portability”
  • Tax Cuts and Jobs Act of 2017 — Increased the estate tax exemption to about $11.2 million per person.
  • These do not include state law changes, including some states that now charge estate taxes under completely different exemptions and rules from federal law.

Don't let your plan become outdated.  Setup the maintenance plan today.