Wednesday, July 21, 2021
Margaret Ryznar (Indiana-Indianapolis), A Tax Credit for Wills, 172 Tax Notes Fed. 211 (July 12, 2021):
In this article, Ryznar suggests using tax law to encourage people to execute wills, arguing that the coronavirus pandemic revealed the importance of estate planning.
When the pandemic eases, many resulting issues will need to be addressed. One of these is preparation for the next pandemic, which should include encouraging people to create an estate plan.
There are many benefits to achieving this goal through tax law rather than trusts and estates law, which makes tax incentives worth considering before the onset of another wave of COVID-19 or another pandemic.