About Lynn Wasnak

Death and Taxes: Estate Planning Helps With Both

Successful planning is more than tax avoidance or charitable giving. A sound estate plan supports personal hopes and dreams for family, friends or causes you value. “Everyone needs an estate plan, particularly if they have young children, to name a guardian and select a trustee to administer assets,” says Carlyn S. McCaffrey, partner and co-head of the Trusts & Estates department at Weil, Gotshal & Manges. Don’t put it off, she says, and be sure to update your will regularly. …