Is Your Trust Built for What’s Coming Next?

Financial planning isn’t a one-and-done effort, especially in a year like this. With tax policy in the spotlight and new legislation under discussion, it’s a smart time to step back and ask: Does my estate plan still match the world we’re living in?

If you’ve created a trust or asset protection plan in the last few years, you’ve taken a decisive first step. However, with proposed changes to tax deductions, exemptions, and wealth transfer strategies gaining traction, it may be time to revisit those documents and make adjustments.

Why It Matters Now

Lawmakers are considering changes that could impact high-net-worth families, small business owners, and individuals with modest estates but significant asset growth. As Kiplinger recently reported, these proposals could reduce deductions, alter how trusts are taxed, and impact how much of your estate stays with your family.

If you’ve worked hard to build something, whether it’s a business, a real estate portfolio, or a long-term nest egg, these shifts could change the math behind your planning.

It’s not about panic. It’s about preparation.

Trusts Aren’t “Set It and Forget It”

Many people assume that once a trust is created, it’s done. Just as your financial goals or family needs evolve, your estate plan should also change.

A quick review now can help:

• Confirm that your trust is still aligned with current tax law.
• Explore ways to strengthen asset protection before new rules take effect.
• Avoid outdated structures that may limit flexibility or trigger taxes.
• Adjust your plan to align with new business goals or changing family dynamics.

And if your plan was designed under older tax thresholds or for a different phase of life, that’s even more reason to check in.

What a Review Might Look Like

When we meet for a review, we’ll help you:

✅ Assess your current trust structure and identify any associated risks.

✅ Explore strategies like decanting (updating an existing trust without starting from scratch).

✅ Identify opportunities for gifting, restructuring, or asset repositioning.

✅ Ensure that successor trustees and beneficiaries remain aligned with your intentions.

This isn’t a total overhaul; it’s a tune-up to ensure your plan continues to drive the way you need it to.

Let’s Make Sure Your Plan Still Fits

Even the most thoughtful estate plan needs maintenance. And with policy shifts on the horizon, now’s the time to review what’s working, what’s changed, and what needs a refresh.

At Rutkowski Law Firm, we’re here to help you navigate these updates with clarity and confidence, so your legacy stays protected, no matter what comes next.