Time to Review Your Estate Plan

Foley Hoag LLP
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It is recommended that estate plans be reviewed every three to five years, and earlier if there has been a change in your personal circumstances or in the estate and gift tax laws. The increase in the federal estate tax exemption as of January 1, 2009—from $2,000,000 to $3,500,000—makes now a good time to review your estate plan, particularly if you are married or your estate plan includes gifts to charitable organizations.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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