Barbara Snapp Danberg and Nicholas Tyler were recently featured in Bay-to-Bay News with an op-ed highlighting why tax season is an ideal time for Delaware residents to revisit and update their estate plans.
In the article, Barbara and Nicholas explain that while tax season is typically centered on filings and refunds, it also offers one of the most complete annual snapshots of an individual’s financial life. Tax returns capture far more than income, reflecting investments, real estate holdings, business activity, charitable giving, and major life changes. These insights often reveal when an existing estate plan no longer aligns with a person’s current circumstances.
The piece highlights considerations particularly relevant to Delaware residents, including the prevalence of second homes, the complexity of business ownership, and the state’s favorable estate and trust framework. Together, these factors make it especially important to ensure estate planning documents remain up to date.
Estate planning is not a one-time exercise. As financial situations and personal priorities evolve, so should the strategies and documents designed to protect families, businesses, and assets. Tax season provides a natural opportunity to take stock and make necessary updates.
Read the full piece here: https://baytobaynews.com/stories/snapp-danberg-and-tyler-time-is-right-to-check-estate-plan,311494
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