Estate and Tax Planning

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Many clients have estate planning documents that worked when they were created for many of their assets, and often planning for qualified plans and IRAs are overlooked. More importantly client's asset mix and holdings and ventures are titled in ways which do not coordinate with their estate planning documents to operate optimally or to take advantage of changing laws, and often investments can be structured using qualified plans and IRAs, if proper and careful planning are done when investments are made. Often things are titled in ways which override estate planning documents, such as holding property as joint tenants. For those in second marriages, or have children with special needs, this can become a real problem after someone passes away. Too many people try to do this themselves, or by applying techniques that they have read about or heard from friends, with results that are not as good as they could have been, had their tax advisor been more involved in the process