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Kiplinger
Kiplinger
Business
Tom Taulli

EXPLAINED: Should you change your estate plan before the election | Rare Historical Photos

An American flag used as a curtain is parted, showing an image of Benjamin Franklin from the $100 bill.

If you are considering changing your estate plan before the election, there are several factors to keep in mind. First, don't delay setting up an estate plan if you don't have one already; everyone should have a plan, regardless of the election outcome. Second, if your plan is gathering dust, this is a great time to update it and ensure you are avoiding the most common estate planning mistakes. Finally, potential estate tax law changes would likely affect the wealthy more than middle-class Americans.

Modify your estate plan before the election?

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