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[Music]
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now
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is a good time to do estate planning in
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fact the time is always now because one
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of the biggest problems people have with
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estate planning is frankly not
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do they do it right or even or they’re
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choosing the right strategy it’s
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procrastination
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it’s an easy thing to procrastinate
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because everyone feels like well i’m not
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going to die today
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i’m not going to become incapacitated
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today but as we’ve seen
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with what’s going on in the world today
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anything
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can happen we just can’t predict how
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things are going to go so it’s
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critically important to have a plan in
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place
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and with estate planning especially in
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high asset cases
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now is a fantastic time to plan because
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the estate tax exclusion meaning the
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amount of money
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that a person can give away during their
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lifetime or after they pass away
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is a little over 11 and a half million
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dollars per person
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meaning a married couple could right now
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give away with no estate tax
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around 23 million dollars most people
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are never going to have that kind of
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money but those that do need to take
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advantage of that situation
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and what is likely to happen we don’t
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have an inside line to washington or
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anything like that but what we believe
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from all the reading we do and every
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everything we do watching the news is
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we believe that’s going to change we
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believe with all of the money that’s
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been coming out of washington lately in
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stimulus packages
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that the government is going to have a
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need to recover that money
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and basically that’s an ongoing thing
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the federal government is always looking
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to recover funds and looking for ways to
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fund programs
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and one of the easiest ways to do that
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some of the lowest hanging fruit
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is the estate tax exclusion because it
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affects about zero two percent
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of the population right now so even if
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those folks get upset
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it’s not enough of the electorate to put
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a candidate
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in danger so we believe that there’s a
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very strong possibility that however the
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elections go
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up coming there’s going to be a change
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in the estate tax
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and it’s a thing that we can do for
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families to help them plan
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to avoid estate taxes or at least to
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minimize estate taxes
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and those opportunities hinge on the way
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the law is set right
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now and the law is extremely favorable
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right now to that kind of planning so
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now is a great time to get the planning
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[Music]
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done