Friday, June 11, 2004
The Wall Street Journal has an interesting article (subscription required) blaming a drop of 5% in the number of adults with wills on uncertainties surrounding the estate tax’s scheduled 2010 repeal and 2011 resurrection. Several law firms report a dramatic reduction in estate planning business, with 800-lawyer Gibson Dunn & Crutcher ditching its estate planning department altogether.
One response to “Dramatic Decline in Estate Planning Practice Traced to Uncertain Estate Tax”
Many years ago, I used to go goose hunting.
That activity taught me that a flock of geese, involving a whole lot of eyes, was more observant and smarter than one or two geese.
The same principle applies to courts. It is all well and good to want uniformity and want it early. However, I am more than willing to sacrifice uniformity in return for a smarter judicial system. This means having more than one court looking at issues at various intervals over time. This sort of judicial process is a “smarter” process.