At Shealy Wealth Management, we realize that estate planning is an area of ever growing importance when you consider the federal estate tax exemption is currently legislated to shrink to only $1 million per person by the year 2011 and stay at this level. This is a fairy low number when compared against current household estate levels and what they should grow to in the years to come. These factors certainly highlight the need for having both updated wills and trusts to take into account the latest changes within estate tax law and potential changes that Congress may pass. It also underscores the importance of working with a wealth management company such as Shealy Wealth Management who can help guide you with proper beneficiary designation and your eventual passing of assets to heirs and charities. Through LPL’s affiliate, The Private Trust Company, and Shealy Wealth Management’s professional relationships with many estate planning attorneys in your area, all of your estate planning needs can be properly addressed.