Estate planning is nothing new, but the perceived need for it has waned in recent years due largely to the current (2010) $5,000,000 exclusion amount per person. However, there is a quickly growing reemergence of “estate tax consciousness” as the “exclusion amount” is currently slated to reset to $1,000,000 per person on Jan. 1, 2012, about only 16 months from now.
Enter Sandeep Varma’s 2007 book: “The 7 Biggest Mistakes Trustees Often Make — And How to Avoid Them,” a quick-read for anyone concerned about changes in tax law or serving as a trustee.
Local wealth strategist Sandeep Varma has spent over 15 years talking to public audiences specifically about his experiences witnessing poorly planned estates crumbling into dust. After more than 500 public seminars on the subject, Varma published his first book in 2007, highlighting real-life examples where families either planned poorly or simply failed to plan for the efficient passing of their assets after death.
Varma’s “7 Biggest Mistakes” is a good read for anyone interested in the details of estate planning and a must-read for any trustee and anyone who has either set up a trust or who will ever serve as a trustee. The book is critically acclaimed by some of Varma’s more notable peers because it speaks directly to those who will face estate planning issues and it does so in very easy-to-understand style.
Varma will give two lectures on the ”7 Biggest Mistakes” at the Mission Valley Courtyard by Marriott from 1:30 to 4:30 p.m.on Aug. 30 and from 6 to 8:45 p.m. on Sept. 1. Contact Advanced Trustee Strategies, the wealth management company hosting the event, directly at 888-I-GOT-2-PLAN. For more information, visit www.atsfinancial.com.