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Super Committee Action May Limit Estate Planning Options By: Stan Miller In reaching an agreement to raise the debt ceiling, the Republicans in the Congress reached an agreement with President Obama to create a 12 member committee comprised of 6 senators and 6 congressmen who are charged with making an omnibus proposal to reduce the federal deficit. The Joint Select Committee on Deficit Reduction (the “Super Committee”) is scheduled to announce its proposals on November
As humans, we are all capable of making mistakes. That’s why golf has mulligans, computers have delete buttons, and last-minute Christmas gifts come with receipts—or at least they should. Me, unwrapping my gift: “Oh, a Chia Snuggie. Thanks. I’ll cherish this from now until I reach the front of the return aisle at Target.” This is also one of the reasons why the majority of trusts are revocable. With a revocable trust, you have the

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