Big Beautiful Bill Estate Planning Ideas

Originally posted to Forbes.com

The Big Beautiful Bill (BBB), or The One, Big, Beautiful Bill (OBBBA) is now law. What is the impact on estate planning? According to several smart advisers there is little to do as the exemption is so high. In fact, these experts suggested that pretty simple estate planning documents could be done for those with even a $30 million net worth. That, they reasoned is because the exemption is $15 million per person x 2 for a couple is $30 million. And, that amount is inflation adjusted. No doubt lots of folks will find that appealing. Most people want simple plans and documents. While that may be simple, it is not prudent for several reasons. Let us take a deeper look at what really should be done for estate planning after the BBB.

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