Forbes: “Demand for estate planning has actually been declining for years. People are reluctant to pay fees for work that does not currently benefit them. They don’t see estate planning as a productive use of their funds….People still need to plan their estate, to make sure their property goes to the persons they want it to go to, and to avoid probate on succession to their property….And people need the assistance of an estate planning attorney in planning their estate. Poorly-drawn, ambiguous documents can spark litigation, and fail the testator’s purpose. But the days of carte blanche fees paid to estate planning attorneys are passing away.”
Perhaps the article fails to mention other possibilities surrounding the decrease in demand for Estate Planning such as uncertainty in Estate and Gift Tax Law.