New Tax Laws Preempt Existing Trusts Tax

/PRNewswire/ -- Late Friday afternoon, Congress enacted the most sweeping change in the estate tax law in 29 years. The new law contains some good news for the very wealthy, but it also makes most estate plans obsolete. Everyone who has a living trust (family trust) should update it promptly.

Tax lawyer and estate planning expert Robert F. Klueger notes that, "At a minimum, the new law requires every married couple who wrote an estate planning trust to have that trust reviewed, and perhaps modified. If not, many people will learn that their trust doesn't reduce their taxes but can indeed increase their tax liability."

Klueger & Stein, LLP has prepared a short video featuring Robert F. Klueger that reviews the changes to the estate tax law and how it impacts existing estate plans, with suggestions as to how these plans can be modified. The video can be viewed free of charge at http://www.maximumassetprotection.com or http://www.lataxlawyers.com.

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Chris Dardaman, CPA, CFP®, CIMA®, PFS Receives HONORS Award from FPA Georgia

The Financial Planning Association of Georgia has awarded Chris Dardaman with its HONORS Award at the association’s Regional Conference.

The HONORS award is given to people who have made a significant contribution to the Financial Planning profession while exhibiting high ethical standards, placing their clients' interests first and having a positive impact on both clients and professional colleagues.

“The Financial Planning Association of Georgia developed the HONORS Award to recognize financial planning professionals who act as role models to us all,” said Dave Polstra, a founding partner of Brightworth. “Chris works tirelessly to better the lives of the people around him, particularly his clients and peers in the financial services industry. We are extremely proud of his accomplishment.”

The Financial Planning Association of Georgia has nearly 800 members located throughout Georgia who specialize in the many aspects of financial planning, including investment planning, estate planning, retirement plans, and education funding.