There has never been a time of greater uncertainty about the estate tax. As this article goes to press in early November, it is impossible to know if legislation will be passed after the November elections clarifying or dramatically changing the estate planning landscape. If Congress does nothing, the estate tax will come back on Jan. 1, 2011, with a $1 million exemption and a 55% tax rate.

Whatever the result, as the estate planning environment evolves, planners should make a concerted effort to communicate with clients and help them assess planning. Because of the tremendous volatility, special or different forms of communication might be helpful to focus clients. Consider postcards, special newsletters and other means of communicating. Perhaps bullet lists of action ideas might engage clients. Don't rely only on email, as many clients may simply overlook it.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access