The Law Office of Whitney L. Thompson urges Houston residents to reassess estate plans amid potential federal tax change
USA News February 27, 2025
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Houston, TX – 02/27/2025(USANews.com) – The Law Office of Whitney L. Thompson, based in Houston, is calling on local residents to take immediate action to reassess their estate planning strategies due to potential changes in federal estate tax exemptions. As discussions about possible reductions in the estate tax exemption gain momentum, it is more crucial than ever for individuals to review their financial planning to ensure a smooth transition of wealth to their heirs. In this context, setting up a trust for life insurance proceeds can be an essential step.
The proposed adjustments to federal estate tax allowances could significantly impact the way wealth is passed down through generations. With this in mind, The Law OUSANNews.comffice of Whitney L. Thompson emphasizes the value of establishing an Irrevocable Life Insurance Trust (ILIT), an effective tool that can help protect family wealth and minimize tax liabilities.
“Change is on the horizon, and the financial landscape could shift dramatically,” said Whitney L. Thompson, founding attorney at The Law Office of Whitney L. Thompson. “It’s vital for individuals and families to take proactive steps in their estate planning. An ILIT not only helps ensure that life insurance proceeds are not subject to estate taxes, but can also provide financial security for your loved ones.”
As estate planning becomes more complex with the evolving federal regulations, The Law Office of Whitney L. Thompson is committed to guiding Houston residents through this process. The firm encourages anyone who may be affected by these changes to seek professional advice as soon as possible.
About The Law Office of Whitney L. Thompson
The Law Office of Whitney L. Thompson is dedicated to providing comprehensive estate planning and legal services to families and individuals in Houston and surrounding areas. With a focus on personalized solutions, the firm strives to ensure that clients' financial legacies are preserved for future generations.
Contact:
The Law Office of Whitney L. Thompson, PLLC
4201 FM 1960 Road West, Suite 360
Houston, Texas 77068, United States
Phone: 281-214-0173
Website: www.wthompsonlaw.com
