Are “Best if Used by” Dates Better Suited for the Grocery Aisle than Tax Legislation? (Journal Article)

A phenomenon with which planners and clients must contend has been the enactment of laws that are designed to change, expire, or self-destruct due merely to the passage of time. Most notably this has occurred with gift and estate tax exemption levels. An ever-changing landscape, particularly where dramatic changes are built-in by legislative design, introduces added complexity, but sometimes also opportunity.

Author: Mark McLennon, JD, CPA/PFS, CFP, CLU, ChFC, has focused on the business, financial, and estate planning concerns of entrepreneurs and professionals as a Fortune 100 company executive, a tax consultant at a public accounting firm, an attorney in the estate planning group of a large Milwaukee law firm, and as an assistant professor with The American College of Financial Services. Mark has over 2 decades of industry experience working initially as a tax and advanced planning attorney but ultimately taking on executive roles which included oversight of fee-based financial planning, personal trust services, and related wealth management efforts.

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