Another year is here…and you haven’t made your estate plan yet?
Creating or updating your estate plan is one resolution you can’t afford to put off because of the financial and legal burdens placed on your family if it is ignored. The objective of an estate plan is to ensure your assets are protected, both while you are alive and after your death.
Estate tax laws are changing, so you need to work with a qualified estate planning attorney to make certain your estate plan does what you want it to do. Estate taxes are always changing and if you already have an estate plan, you may need to rewrite or review it to reflect current tax exemptions and tax rates.
Where to Begin
Not sure where to start? Let us share with you our legal resolutions we recommend to all of those who contact us:
Estate Planning Documents
Estate Planning is not just for the elderly or the rich. In addition, estate planning is not just about what happens when you die. It is also planning for who will speak and act on your behalf in the event you become incapacitated. If you want to make sure you and your family are protected if you become incapacitated, or die, you need to consider having the following documents in place:
Don’t let your most vital needs go another year without being addressed. Resolve to start the year off by organizing, reviewing and implementing.