7. Plan to reassess Life changes. So should your estate plan. Revisit your estate plan when your circumstances change, for better or for worse. This may include a marriage or divorce, the birth of a child, the loss of a loved one, getting a new job or being terminated. Revisit your ...
An estate plan lives and breathes just as long as you do, which means you should periodically revisit all of yourestate planning documentsto make sure everything is still correct and in accordance with your wishes. Once a year, have a look at them and think about any significant life change...
Your estate plan should include your succession plan for the business. Even if your business is in debt, as most businesses are at some point, you will need to have the proper legal documents drawn up to designate who will have ownership and control over your business once you are gone. Y...
With the purchase of every Estate Plan, we'll donate $20 to the nonprofit National Military Family Association. Even if it doesn't seem like it, everyone has an estate. Plan for your property, health care, and finances with these key legal documents and advice from an independent attorney....
What Are the Essential Documents in an Estate Plan? Number one is the will of course. Beyond that, the essential documents in an estate plan include: An inventory of your physical assets. A list of all of your financial accounts.
In addition to these six documents and designations, a well-laid estate plan also should consider the purchase of insurance products such aslong-term care insuranceto cover old age, a lifetime annuity to generate some level of income until death, and life insurance to pass money to beneficiari...
There are four estate planning documents that we think everyone should have to ensure their estate plan is in order. Learn more in this blog post.
Normally, an estate plan includes several elements, each of which serves a specific purpose. The most common include: Will— Documents how assets are to be distributed following your death and names any individuals or entities you would like to serve as a guardian, executor or trustee. A will...
Provide your clients with an attractive Estate Planning Portfolio in a Binder and Index Tab Set that organizes and protects their documents. They are a positive tool to reinforce your firm’s image.
The Power of Trusts in your Estate Plan | Upton, MA May 21, 2020 | 1:15pm Upton Senior Center | Presented by Will Lane, Esq. Learn the common scenarios every family might face, and how having the proper estate planning documents in place can save money, time, and taxes and how elder...