According to a survey released by Phoenix Investment Partners, while a majority of high-net-worth individuals believe recent changes to federal tax laws will decrease the amount of estate taxes they will pay, only a small percentage of that group is considering changes to their estate plans.

Of those surveyed, 64 percent said the new legislation would decrease their estate taxes, 27 percent believe the law will not change their tax burden, and three percent believe their taxes will go up. The survey also said 47 percent plan to consult a financial advisor about the implications and impact of the new law, while 34 percent will not. 19 percent said they were unsure whether they will approach an advisor.

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