This is the first of a 2 part series on the basics of estate planning.  This installment will focus on the 7 types of documents that may comprise a basic estate plan.  The next installment will focus on key decisions and pitfalls.

Types of Documents:

As we enter the 2020 tax filing season, it is important to consider how recent and anticipated tax changes may impact or influence your planning.  The numerous economic stimulus and relief initiatives will most certainly require substantial revenue to support, and the most likely source of funding is rolling back parts of the 2017 Tax Cuts and Jobs Act (TCJA) and raising new tax revenues. While premature to predict the timing and scope of future tax legislation, potentially adverse changes seem all but inevitable.  While your Pathstone advisory team continues to monitor and advise on the fluid tax environment, consider the following 2020 tax reporting and potential 2021 tax planning opportunities.

HerPath Committee Member, Anna Veret, caught up with Erika Karp, Pathstone’s Chief Impact Officer. Erika recently joined Pathstone from Cornerstone Capital Group, the sustainable and impact investment advisory firm she founded in 2013.