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J. S. Burton, P.L.C. J. S. Burton, P.L.C.
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Top 3 Estate Planning Strategies for 2021

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As we close on a challenging and difficult 2020 for so many, clients ask me which are the most important estate planning recommendations for the coming year. Here are my top 3: 1) Update Your Existing Estate Plan. A lot has changed in 2020. Covid has affected how medical directives are drafted and used. Enhanced financial powers have been added to powers of attorney. Lastly, the pandemic has proven trusts are typically the best option to handle assets when a loved one is incapacitated or passes away. For those solely relying on a will, probate courts are delayed due to the pandemic more than ever before. 2) Consider Asset Protection. Many of my clients are concerned about the catastrophic costs of long-term nursing home care should they need it. Asset protection trusts can protect your assets against lawsuits, creditor claims, and most importantly, Medicaid spend downs incurred when a loved one runs out of money in a nursing home. 3) Taxes. 2021 will bring in a new presidential administration and congress. Although it is not certain how the tax code will change, it is certain tax rates will not remain the same. Consider reviewing whether maximizing the use of your current gift and estate tax exemption amounts make sense to take advantage of the current high rates.

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    "An excellent estate planning attorney"
    Mr. Burton, Esq. is an excellent estate planning attorney and I recommend him with a 5 star rating. He is patient and answers all questions. His organization of the plan that he provided was in a binder and very complete.
    - Jeffrey S.
    "Very professional, friendly, thoughtful, and highly knowledgeable, Fallon expedited preparation and delivery of my documents. Overall, this was an awesome experience"

    I just had a great experience with this firm in preparing my estate planning documents. I needed to update some wishes and also ensure everything is in line for the state of Virginia, as I moved here from Pennsylvania. I worked with Fallon Francesca Whi

    - Wendy V.
    "I would highly recommend him."
    I have met with Mr Burton several times and always found him to be professional and personable
    - Bonnie T.
    "Highly recommended for estate planning"
    We were heard and guided to do the best for our families needs
    - Fred S.
    "Friendly and personable service."
    J S Burton, PLC has helped with my estate planning. All aspects of my trust are clearly defined in an easy-to-understand folder. They coordinated with my financial planner seamlessly. The staff is friendly and personable. I highly endorse J S Burton.
    - Elizabeth M.
    "Thorough, responsive, and knowledgeable. I highly recommend this firm!"
    Thorough, responsive, and knowledgeable. I highly recommend this firm!
    - Krystin R.
    "Truly impressive and caring."
    J S Burton, PLC has been our family's trusted estate planner for over 20 years. Their professionalism, knowledge, and dedication are unmatched. They guide us through complex decisions with ease and clarity, always with a personal approach.
    - Ryan D.
    "Highly skilled and compassionate."
    J S Burton, PLC is an excellent estate planning firm—highly skilled, knowledgeable, and experienced. They listened with great kindness, compassion, and courtesy. All questions were answered, and a perfect estate plan was created. Very happy!
    - Kathy R.

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