Massachusetts Estate Planning & Asset Protection Blog

Does My Living Trust and Estate Plan Need to be Fixed?

Posted by Dennis Sullivan & Associates on Thu, Feb 06, 2020

Final Sullivan Newsletter Prospects 1-20202

From the Files of the Estate Planning & Asset Protection Law Center of Dennis Sullivan & Associates
A couple from the  Metro West, concerned about all the tax and health care changes taking place in 2020, put together the following list for us to review: Safeguards for incapacity; Protection for children’s inheritance from creditors and/or divorce; New tax provisions for married couples resulting in completely avoidable taxes; and Unprotected IRA’s & retirement accounts.
Our clients do not have to question if their Estate & Asset Protection Plan is viable, they know it is! Our clients have peace of mind knowing we continually monitor their plans throughout the years to identify when updates are needed. Our unique “19 Point Trust Estate and Asset Protection Review” allows us to identify and monitor these updates. Everyone with a home, life savings, a cause they care about, and/or people they want to protect, love our exclusive “Lifetime Protection Program”. Our Law Center has over 42 years of experience both as Estate and Asset Protection Attorneys and also as Certified Public Accountants. We have been providing the “Lifetime Protection Program” for many clients for more than a decade since inception. This program gives continual guidance and protection for families, spouses, children and grandchildren for generations.
 
The Estate Planning and Asset Protection Law Center of Dennis Sullivan & Associates is a proud member of The Wealth Counsel, Elder Counsel, the National Academy of Elder Law Attorneys, Massachusetts Society of CPAs, and we have an A+ rating with the Better Business Bureau. We possess the knowledge, tools, contacts, and expertise to grant you peace of mind for a lifetime.
 
Retirement Benefit Income tax acceleration with recent law changes. Our federal estate tax applicable exclusion is at $11.58 million up from $11.4 million in 2019. In Massachusetts we have plenty of couples paying estate tax on every dollar over $1 million resulting in excess avoidable taxes on children, grandchildren and those you care about. It comes down to this question. Would you rather leave a legacy of excess avoidable taxes, OR contribute to the well-being of your spouse, children and causes you hold dearest?
 
ATTENTION: If Your Living Trust is 3+ Years old it May be Outdated!
 
Contact us about a personalized complimentary discovery review session (normally $750)
To schedule your family’s Trust, Estate and Asset Protection Review Call 800-964-4295 or visit DSullivan.com to register online.
Question: How do you take control of the situation and protect a lifetime of hard work and savings for you and your family?
Answer(s):
 
-Register online or call to attend a live workshop and discover how your plan stacks up. You will even obtain guidance to get you and your family on track now and remain protected in the years ahead!
-Request a copy of our proprietary “19 Point Trust Estate and Asset Protection Guide” along with a companion DVD. We have developed a unique education and counseling process that helps families now and for generations to follow.
Call 800-964- 4295 (24/7) or visit DSullivan.com now to protect your home, spouse, family and life savings.

Tags: 2020, living trusts

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