Estate Planning
People plan for important events
in their lives. Marriage, vacations and/or retirement are thought
out in great detail. However, many people do not like to think
about death and often avoid making important decisions about
allocation of assets, and other planning that could be most
effectively done by those persons to avoid unnecessary heartache
for their survivors. Many people have not made a simple Will
and many other people with need have not made comprehensive
plans to avoid probate or save on estate taxes. In
order to help ensure the financial security of loved ones,
and to have the satisfaction of helping deserving organizations,
you should contact your estate planning attorney to have a
Will, or to have your current Will and estate plan reviewed
and updated. Here is a helpful checklist of items that you
may want to consider when making these plans.
- Do you have an updated will?
- Do you have an estate inventory?
- Do you have a durable power of attorney to
allow someone to assist you to manage finances and other
business affairs should the need arise?
- Do you have a living will that covers the
medical needs that you may have in the future?
After reviewing this list, you may feel that
you are now in a comfortable time of your life. You may have
accumulated material wealth and enough wisdom to know that
planning and preparation is the key to any endeavor. Educate
yourself with professional advice from someone experienced
in estate planning. Prioritize your goals. Put your plan into
action. |
