Knowledge is power. It has not increased since that time. Following are the amounts exempt from tax, along with the amount of the additional tax savings. I cover both the simple and complex means of transferring to heirs and of giving to charity. Among those simple means is the P.O.D. bank account.
Any bank officer understands it and can effect it quickly and easily.
However, I am constantly amazed at the number of supposedly sophisticated investors, donors and planners who are unaware of the P.O.D. account and its uses. In an upscale North Carolina mountain resort, I conducted a seminar in behalf of one of our non-profit client organizations. As most people are completely unaware of these strategies, I mentally quantified his estate planning knowledge at a pretty high level. About a month later, I conducted a seminar in New Mexico and the host organization offered my services to perform personal estate planning sessions for the participants. Over the years, many Directors of Development have told me that they were sure that all their donors have good estate plans.