As we wait to see what changes the new presidential administration will bring, it’s very tempting to wait to see what they will be and how they’ll impact our lives. But waiting until we have certainty isn’t the wisest course.
Inaction is just as much of a decision as action, and it’s not always the right choice. It’s important not to let the tax tail wag the estate planning dog. Instead, focus on the non-tax reasons for creating an estate plan or purchasing life insurance.
Here are reasons to continue to engage in estate planning regardless of what happens in Washington.
(Kristin Bulat is senior vice president at NFP, an insurance broker and consultant.)