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Deductibility Of Estate Planning Fees: An Old Strategy Revisited

Probate & Property

As client pressure to minimize legal fees continues to mount, estate planning lawyers must reexamine their billing practices. Increased computer capability has led to drafting efficiencies, which have allowed estate planners to focus more on estate tax planning and less on actual drafting. This approach affects a traditional strategy used to mitigate the burden of estate planning fees: deducting a portion of those fees for income tax purposes.

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