From Yahoo Finance: 2025-04-12 06:00:00

Inflation can complicate estate planning by increasing asset values and living costs. To protect your legacy, consider revising your estate plan sooner or adjusting fixed sums left to beneficiaries. Inflation may also raise legal fees, making periodic updates necessary. Consult a financial professional to align your investments with inflation.

Inflation can erode the value of set-aside amounts for future expenses, like healthcare or long-term care. Rising prices mean a sum once considered adequate may fall short. To counteract this, consider policies for extended care and set up healthcare directives in advance. Estimate future costs and plan accordingly to avoid financial risks.

Inflation can increase the value of your estate, triggering higher estate taxes for your heirs. To reduce tax burdens, consider moving assets to loved ones while you’re alive using irrevocable trusts. Seek advice from estate attorneys and tax professionals to find the best strategy for your situation. Stay informed on changing tax laws.



Read more at Yahoo Finance: 4 Ways Inflation Can Change Your Estate Planning