In our last post, we considered how swap powers were a strategic way to minimize tax liabilities on assets in trusts. Recall that swap powers grant the right to substitute—or swap—property of equal value in a trust. This adjusts the cost basis of the property to the FMV at the time of death.

Clients come to your estate planning firm craving guidance and clarity. They want to protect their legacies, put their affairs in logical order and ensure their beneficiaries’ future. In other words, they depend on you to restore their sense of stability. 

Guns are a prominent issue in this year’s presidential election, and this compelling conversation highlights a new opportunity for estate attorneys. Whatever the election result, firearms owners are going to be thinking about the future. As part of estate planning, gun owners will be primed to recalibrate